NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Unemployment Dynamics in the OECD

Michael Elsby, Bart Hobijn, Aysegul Sahin

NBER Working Paper No. 14617
Issued in December 2008

---- Acknowledgements -----

We would like to thank Shigeru Fujita, Wilbert van der Klaauw, Emi Nakamura, Simon Potter, Gary Solon, and participants at the December 2008 New York/Philadelphia Workshop on Quantitative Macroeconomics for their helpful comments and suggestions, and Joseph Song for his outstanding research assistance. The views expressed in this paper are those of the authors and do not necessarily reflect those of the Federal Reserve Bank of New York, the Federal Reserve Bank of San Francisco, the Federal Reserve System, or the National Bureau of Economic Research. An Excel spreadsheet with all the data, calculations, and results presented in this paper is available for download at http://www.frbsf.org/economics/economists/bhobijn/UnemploymentDynamicsInTheOECD.xls. E-mail addresses for correspondence: elsby@umich.edu; bart.hobijn@sf.frb.org; aysegul.sahin@ny.frb.org.

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