caa a22 4500 47712139X CHVBK 20180405111637.0 cr unu---uuuuu 170330e19960501xx s 000 0 eng 10.1007/BF02930438 doi (NATIONALLICENCE)springer-10.1007/BF02930438 Slow adjustment to shocks or true hysteresis? [Elektronische Daten] Lessons from the different labour market performances in Western Europe and the USA [Wim Kösters, Ansgar Belke] In Western Europe in the last two decades the unemployment rate has increased during cyclical downturns only to persist at or around the higher level in the following phase of economic recovery. One of the most notable exceptions to this pattern of unemployment persistence, often termed hysteresis, is the United States. The following article examines the empirical evidence and the possible theoretical explanations for this difference. HWWA and Springer-Verlag, 1996 Kösters Wim Ruhr-University of Bochum, Germany aut Belke Ansgar Ruhr-University of Bochum, Germany aut Intereconomics Springer-Verlag 31/3(1996-05-01), 107-121 0020-5346 31:3<107 1996 31 10272 https://doi.org/10.1007/BF02930438 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/BF02930438 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Kösters Wim Ruhr-University of Bochum, Germany aut NATIONALLICENCE 700 1- Belke Ansgar Ruhr-University of Bochum, Germany aut NATIONALLICENCE 773 0- Intereconomics Springer-Verlag 31/3(1996-05-01), 107-121 0020-5346 31:3<107 1996 31 10272 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer