Hysteresis in unemployment

Unemployment has risen sharply in a number of countries and it appears to be becoming more persistent. The experience of the 1970s and 1980s showed that adverse unemployment shocks could have long-lasting effects with very serious economic and social consequences. A key mechanism producing these adv...

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Bibliographic details
Volume: 27
Main Author: O'Shaughnessy, Terry
Format: Journal Article
Language: English
Place of publication: Oxford University Press 2011
published in: Oxford Review of Economic Policy Vol. 27; no. 2; pp. 312 - 337
Data of publication: 2011
Series: Oxford Review of Economic Policy
Online Access: available in Bonn?
Database: RePEc
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