The Measurement of Persistence and Hysteresis in Aggregate Unemployment
AbstractThere exists no consensus regarding the definition and the measure of persistence. We aim to spark research interests to address the lack of a standard definition. This paper reviews this issue and proposes an informal definition to unemployment persistence.
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Date of creation: 11 Nov 2003
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Hysteresis; Persistence; Business Cycle Fluctuations; Unemployment.;
Find related papers by JEL classification:
- B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
- E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
This paper has been announced in the following NEP Reports:
- NEP-ALL-2003-11-16 (All new papers)
- NEP-LAB-2003-11-16 (Labour Economics)
- NEP-MAC-2003-11-16 (Macroeconomics)
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