Structural rate of unemployment, hysteresis, human capital, and macroeconomic data
The relationship between the unemployment rate and the evolution of human capital is different depending on whether one subscribes to a neoclassical logic or to a hysteresis theory. This paper proposes that when the unemployment rate reaches a high level for some time, the persistence phenomenon, or...
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| Format: | Article |
| Language: | English |
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AIMS Press
2022-06-01
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| Series: | National Accounting Review |
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| Online Access: | https://www.aimspress.com/article/doi/10.3934/NAR.2022008?viewType=HTML |