Hairault, Jean-Olivier; Langot, François; Osotimehin, … - Institute for the Study of Labor (IZA) - 2008
In this paper, we investigate whether business cycles can imply sizable effects on average unemployment. First, using a … average job finding rate and so the business cycle cost. …
Unemployment Dynamics and the
Cost of Business Cycles
Jean-Olivier Hairault
Paris School of Economics,
Paris 1 University …