Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/82690
Authors: 
Gustavsson, Magnus
Österholm, Pär
Year of Publication: 
2006
Series/Report no.: 
Working Paper, Department of Economics, Uppsala University 2006:15
Abstract: 
This paper investigates if conclusions regarding labour market hysteresis differ depending on whether employment or unemployment rates are studied. Applying a range of unit-root tests to monthly data from Australia, Austria, Canada, Finland, Sweden, the U.K. and the U.S., we find results for employment rates that contrast those based on unemployment rates. In particular, rather than the mixed evidence for hysteresis found using unemployment rates, employment rates result in unequivocal evidence of hysteresis in Australia, Canada and the U.S.. These findings cast doubt on previous conclusions in the literature.
Subjects: 
Labour market
Persistence
Unit root test
JEL: 
C22
E24
J21
Document Type: 
Working Paper

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