Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/200523 
Year of Publication: 
2018
Series/Report no.: 
Working Paper No. 2018-1
Publisher: 
Federal Reserve Bank of Atlanta, Atlanta, GA
Abstract: 
This paper explores the evidence for positive hysteresis in the labor market. Using data from the National Longitudinal Surveys of Youth, we find that negative labor market outcomes during high-unemployment periods are mitigated by exposure to a high-pressure economy during the preceding expansion. Breaking total exposure into average intensity and duration suggests that these two dimensions have differing impacts depending on the outcome. Additionally, benefits are typically only statistically significantly different from no exposure for only a relatively few demographic groups.
Subjects: 
hysteresis
unemployment
labor market gaps
labor force participation
wage gaps
JEL: 
E60
E24
J64
J31
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.