unemployment, several European economies display highly persistent unemployment dynamics. The theory of hysteresis challenges this … strong empirical evidence of unemployment hysteresis in advanced economies since the 1990s. Relying on an identification …

This paper investigates if conclusions regarding labour market hysteresis differ depending on whether employment or … particular, rather than the mixed evidence for hysteresis found using unemployment rates, employment rates result in unequivocal … evidence of hysteresis in Australia, Canada and the U.S.. These findings cast doubt on previous conclusions in the literature. …

A novel procedure is applied to test for switches between hysteresis and the natural rate theory over more than a … century of UK and USA unemployment data. For both the countries we see a period conforming to hysteresis starting in the early …