Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/140542
Authors: 
Kösters, Wim
Belke, Ansgar
Year of Publication: 
1996
Citation: 
[Journal:] Intereconomics [ISSN:] 0020-5346 [Publisher:] Nomos Verlagsgesellschaft [Place:] Baden-Baden [Volume:] 31 [Year:] 1996 [Issue:] 3 [Pages:] 107-121
Abstract: 
In Western Europe in the last two decades the unemployment rate has increased during cyclical downturns only to persist at or around the higher level in the following phase of economic recovery. One of the most notable exceptions to this pattern of unemployment persistence, often termed hysteresis, is the United States. The following article examines the empirical evidence and the possible theoretical explanations for this difference.
Subjects: 
Unemployment
Persistent Identifier of the first edition: 
Document Type: 
Article

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