the permanent and transitory components for the movements of the unemployment rate in four countries (Austria, France, UK …In this paper we challenge the traditional labour market view, which argues that unemployment is determined in the long …, and USA). We find that the transitory component has a significant impact on unemployment only in the US. In contrast to …

The aim of this paper is to analyze and estimate salient characteristics of unemployment dynamics. Movements in … unemployment are viewed as "chain reactions" of responses to labor market shocks, working their way through systems of interacting … aggregate measures of unemployment responses to temporary and permanent shocks. These measures are temporal (depicting how long …