Results 51 to 60 of about 367,603 (208)
Hysteresis vs. natural rate of US unemployment [PDF]
Economic Modelling, 2012 Abstract This paper investigates the stochastic nature of the unemployment rate allowing for cross-section dependence from a panel of US state-level data. We first employ the PANIC method to identify the common and idiosyncratic components. Powerful recursive mean adjustment (RMA) methods are used to test for unit roots.
Ka Ming Cheng +3 more
openaire +1 more source
Understanding UK Productivity Using a Macroeconomic Lens
Journal of Economic Surveys, Volume 40, Issue 1, Page 214-241, February 2026.ABSTRACT We survey UK labor productivity over the long run, comparing it with other advanced economies, and focus on the sharp slowdown since the global financial crisis. Using a growth accounting framework, we highlight the primary role of total factor productivity (TFP), while noting that the contribution of capital shallowing is influenced by ...
Jagjit S. Chadha, Issam Samiri
wiley +1 more source
A Simple Nonlinear Dynamic Model for Unemployment: Explaining the Spanish Case
Discrete Dynamics in Nature and Society, 2008 Spanish unemployment is characterized by three distinct regimes of low, medium, and high unemployment and by a fast transition between them.
João Ricardo Faria +1 more
doaj +1 more source
The dovish turnaround: Germany's social benefit reform and job findings
Journal of Policy Analysis and Management, Volume 45, Issue 1, Winter 2026.Abstract On the labor markets, recent decades were characterized by structural supply‐side reforms in many countries. Following its hawkish reforms from the 2000s, Germany has recently made a dovish turnaround. Conditions in basic income support for unemployed became more generous, combined with a focus on qualification and development.
Enzo Weber
wiley +1 more source
Hysteresis in Unemployment and Jobless Recoveries [PDF]
IMF Working Papers, 2014 This paper develops and estimates a general equilibrium rational expectations model with search and multiple equilibria where aggregate shocks have a permanent effect on the unemployment rate. If agents' wealth decreases, the unemployment rate increases for a potentially indefinite period.
openaire +2 more sources
Social Policy &Administration, Volume 60, Issue 1, Page 157-167, January 2026.ABSTRACT Unemployment scarring has been adopted as a key concept in social policy, and despite being variously defined and inadequately theorised, it is widely used to justify the administration of labour market activation policies. Herein, we develop a critical genealogy of scarring, exploring a recently crystallised concept that amalgamates empirical
Tom Boland, Ray Griffin
wiley +1 more source
Remittances, Nonlabor Income as a Source of Hysteresis in Unemployment in Colombia, 2010–2020
Latin American Research ReviewThis study seeks to determine the impact of remittances and nonlabor income on the duration of unemployment, and therefore on the hysteresis phenomenon in Colombia for the period between January 2010 and January 2021.
Carlos David Cardona-Arenas +1 more
doaj +1 more source
Economic Growth, Business Cycles and Okun’s Law: Unobserved Components Approach [PDF]
Statistika: Statistics and Economy Journal, 2020 Clark’s (1989) bivariate unobserved components model is applied in order to estimate and analyse the trend and cycle of GDP and the unemployment rate as well as to quantify and discuss the relationship known as Okun’s law. Empirical analysis is performed
Andrea Čížků
doaj
Hysteresis and the European Unemployment Problem Revisited [PDF]
, 2015 The unemployment rate in the euro area appears to contain a significant nonstationary component, suggesting that some shocks have permanent effects on that variable. I explore possible sources of this nonstationarity through the lens of a New Keynesian model with unemployment, and assess their empirical relevance.Institutional subscribers to the NBER ...
openaire +5 more sources
Reformulating the Critique of Human Capital Theory
Journal of Economic Surveys, Volume 39, Issue 5, Page 1839-1851, December 2025.ABSTRACT Despite criticism, human capital theory (HCT) has remained central for six decades to the teaching and practice of economics. This paper reformulates the critique of HCT, focusing on two aspects that are typically relegated to the margin.
Paul Auerbach, Francis Green
wiley +1 more source