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On the alternative explanations of persistence of unemployment in the OECD countries

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  • Javid Taheri

Abstract

This paper begins with a summary statement of a few relevant facts about the worsening state of unemployment since the mid-1970s in the OECD countries. A joint statistical test of the hypotheses of the natural rate, hysteresis, and the persistence is conducted by pooling annual data (1963-93) from up to 16 OECD countries. The results provide strong evidence in support of the persistence hypothesis and the non-linearity of the Phillips curve while concurrently rejecting the other two alternative explanations.

Suggested Citation

  • Javid Taheri, 2000. "On the alternative explanations of persistence of unemployment in the OECD countries," Applied Economics, Taylor & Francis Journals, vol. 32(8), pages 1051-1057.
    • Handle: RePEc:taf:applec:v:32:y:2000:i:8:p:1051-1057
    DOI: 10.1080/000368400322101
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    1. Layard, Richard & Nickell, Stephen & Jackman, Richard, 2005. "Unemployment: Macroeconomic Performance and the Labour Market," OUP Catalogue, Oxford University Press, number 9780199279173.
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    Cited by:

    1. Fabio Gomes & Cleomar Gomes da Silva, 2007. "Hysteresis vs. natural rate of unemployment in Brazil and Chile," Applied Economics Letters, Taylor & Francis Journals, vol. 15(1), pages 53-56.
    2. Magnus Gustavsson & Par Osterholm, 2006. "Hysteresis and non-linearities in unemployment rates," Applied Economics Letters, Taylor & Francis Journals, vol. 13(9), pages 545-548.

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