Hysteresis in Labor Markets? Evidence from Professional Long-Term Forecasts

Hysteresis in Labor Markets? Evidence from Professional Long-Term Forecasts
We explore the long-term impact of economic booms on labor market outcomes using a novel approach based on revisions to professional forecasts over the past 30 years for 34 advanced economies. We find that when employment rises unexpectedly, forecasters typically raise their long-term forecasts of employment by more than one-for-one and also... READ MORE...

Publication date: May 2019
ISBN 9781498315692
$18.00

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