{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2023,10,19]],"date-time":"2023-10-19T17:06:05Z","timestamp":1697735165912},"reference-count":55,"publisher":"Akademiai Kiado Zrt.","issue":"2","funder":[{"name":"FCT \u2013 Funda\u00e7\u00e3o para a Ci\u00eancia e a Tecnologia","award":["UID\/ECO\/04105\/2019","UIDB\/00144\/2020"]}],"content-domain":{"domain":["akjournals.com"],"crossmark-restriction":true},"short-container-title":["AOecon"],"published-print":{"date-parts":[[2022,6,23]]},"abstract":"Abstract<\/jats:title>\n This paper analyses the effects of deregulation of employment in an environment of low interest rates and economic uncertainty. For this purpose, we estimate a switching employment equation based on the play model of hysteresis. As a novel feature, the estimation allows for a possible change in the value of the switching parameter after the implementation of labour market reforms. We use Portuguese monthly industrial data spanning from January 2000 to October 2016. Portugal provides a good case study since it is a country where significant measures towards the deregulation of the labour market were applied after the recent financial crisis. The results show that these measures reduced the hysteresis effects in the dynamics of aggregate employment except in the period where uncertainty increased substantially, when the opposite happened.<\/jats:p>","DOI":"10.1556\/032.2022.00010","type":"journal-article","created":{"date-parts":[[2022,6,23]],"date-time":"2022-06-23T14:50:47Z","timestamp":1655995847000},"page":"175-194","update-policy":"http:\/\/dx.doi.org\/10.1556\/policypage.crossmark.crossref.1","source":"Crossref","is-referenced-by-count":1,"title":["Labour market reforms and employment hysteresis"],"prefix":"10.1556","volume":"72","author":[{"ORCID":"http:\/\/orcid.org\/0000-0001-7028-4545","authenticated-orcid":true,"given":"Paulo R.","family":"Mota","sequence":"first","affiliation":[{"name":"School of Economics and Business, University of Porto, Rua Dr. Roberto Frias, 4200-464 Porto, Portugal"},{"name":"Center for Economics and Finance, University of Porto, Portugal"}]},{"ORCID":"http:\/\/orcid.org\/0000-0002-7132-880X","authenticated-orcid":true,"given":"Paulo B.","family":"Vasconcelos","sequence":"additional","affiliation":[{"name":"School of Economics and Business, University of Porto, Rua Dr. Roberto Frias, 4200-464 Porto, Portugal"},{"name":"Center of Mathematics, University of Porto, Portugal"}]}],"member":"425","reference":[{"key":"B1","article-title":"The Consequences of Long-Term Unemployment: Evidence from Matched Employer-Employee Data","author":"Abraham, K.","year":"2016","unstructured":"Abraham, K.\n \u2013 \n Haltiwanger, J.\n \u2013 \n Snadusky, K.\n \u2013 \n Spletzer, J.\n \n (2016): The Consequences of Long-Term Unemployment: Evidence from Matched Employer-Employee Data. \n NBER Working Papers, No. 22665."},{"issue":"1\u20132","key":"B2","series-title":"Journal of Economic Studies","doi-asserted-by":"publisher","first-page":"123","DOI":"10.1108\/01443589310038551","article-title":"Unit-Root in Wage-Price Spiral Is Not Hysteresis in Unemployment","volume":"20","author":"Amable, B.","year":"1993","unstructured":"Amable, B.\n \u2013 \n Henry, J.\n \u2013 \n Lordon, F.\n \u2013 \n Tool, R.\n \n (1993): Unit-Root in Wage-Price Spiral Is Not Hysteresis in Unemployment. \n Journal of Economic Studies\n , 20(1\u20132): 123\u2013135.10.1108\/01443589310038551"},{"issue":"1\u20132","key":"bib52","series-title":"Economics Letters","doi-asserted-by":"publisher","first-page":"43","DOI":"10.1016\/0165-1765(93)00300-D","article-title":"Strong Hysteresis versus Zero-Root Dynamics","volume":"44","author":"Amable, B.","year":"1994","unstructured":"Amable, B.\n \u2013 \n Henry, J.\n \u2013 \n Lordon, F.\n \u2013 \n Topol, R.\n \n (1994): Strong Hysteresis versus Zero-Root Dynamics. \n Economics Letters\n , 44(1\u20132): 43\u201347.10.1016\/0165-1765(93)00300-D"},{"key":"bib53","series-title":"The Natural Rate of Unemployment-Reflections on 25 Years of the Hypothesis","first-page":"181","article-title":"Hysteresis Revisited: A Methodological Approach","author":"Amable, B.","year":"1995","unstructured":"Amable, B.\n \u2013 \n Henry, J.\n \u2013 \n Lordon, F.\n \u2013 \n Topol, R.\n \n (1995): Hysteresis Revisited: A Methodological Approach. 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