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The Measurement of Persistence and Hysteresis in Aggregate Unemployment

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Author Info
Ossama Mikhail
Curtis J. Eberwein
Jagdish Handa

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Abstract

There 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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Paper provided by EconWPA in its series Method and Hist of Econ Thought with number 0311002.

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Date of creation: 11 Nov 2003
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Handle: RePEc:wpa:wuwpmh:0311002

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Related research
Keywords: 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 - - Macroeconomics: 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

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    Other versions:
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    Other versions:
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    Other versions:
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    Other versions:
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  17. Gordon, Robert J, 1989. "Hysteresis in History: Was There Ever a Phillips Curve?," American Economic Review, American Economic Association, vol. 79(2), pages 220-25, May. [Downloadable!] (restricted)
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