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Unemployment persistence in EU countries: new evidence using bounded unit root tests

Claudiu Albulescu () and Aviral Tiwari ()

Applied Economics Letters, 2018, vol. 25, issue 12, 807-810

Abstract: We apply a series of bounded unit root tests to revisit the unemployment persistence in eight European Union (EU) countries. We find strong evidence in favour of the hysteresis hypothesis in all the cases. This result can be explained by a reduced labour mobility, a decreasing wage inflation and a high uncertainty regarding the future level of unemployment in the EU countries.

Date: 2018
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Handle: RePEc:taf:apeclt:v:25:y:2018:i:12:p:807-810