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Hysteresis in the Canadian Labour Market: Evidence from the 1990s

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Abstract

Given persistenly high unemployment rates following the 1991-92 recession, the question of hysteresis in the Canadian economy has, once again, come to the forefront of academic and polciy debate. The paper addresses two questions. First does the inclusion of the 1991/1992 recession, and the years following strengthen the evidence for hysteresis found by Fortin (1991)? Second, does the presumption of a linear Phillips curve, if indeed the function is non-linear, bias previous inferences made about hysteresis?

Suggested Citation

  • Nott, L., 1996. "Hysteresis in the Canadian Labour Market: Evidence from the 1990s," University of Western Ontario, Departmental Research Report Series 9609, University of Western Ontario, Department of Economics.
    • Handle: RePEc:uwo:uwowop:9609
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    File URL: https://ir.lib.uwo.ca/cgi/viewcontent.cgi?article=1406&context=economicsresrpt
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    Cited by:

    1. G.M. Peter Swann, 1999. "An Economic Analysis of Taste-A Review of Gary S. Becker: Accounting for Tastes," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 6(2), pages 281-296.
    2. Françoise Benhamou & Nathalie Moureau, 2007. "L'économiste et la question du goût. Intégration ou dénégation d'un concept ?," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00195113, HAL.
    3. Andreas Reinstaller & Bulat Sanditov, 2003. "Social norms and equality of opportunity in conspicuous consumption: on the diffusion of consumer good innovation," Working Papers geewp29, Vienna University of Economics and Business Research Group: Growth and Employment in Europe: Sustainability and Competitiveness.
    4. Frank J. van Rijnsoever & Carolina Castaldi, 2008. "Knowledge base, information search and intention to adopt innovation," Innovation Studies Utrecht (ISU) working paper series 08-02, Utrecht University, Department of Innovation Studies, revised Feb 2008.

    More about this item

    Keywords

    ECONOMIC POLICY; UNEMPLOYMENT;

    JEL classification:

    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity

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