Unemployment persistence: does the size
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Marco Bianchi; Gylfi Zoega
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Article
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1998
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John Wiley and Sons
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English
β 262 KB
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One of the stylized facts of unemployment is that shifts in its mean rate between decades and half-decades account for most of its variance. In this paper, we use a statistical analysis based on Markov switching regression models to identify the dates of infrequent changes in the mean of the unemplo