Investment and expectations drive long-term unemployment trends in OECD countries.
Investment plays a crucial role in determining unemployment levels, according to the research. The study shows that traditional economic models have overlooked the strong link between investment and unemployment. By analyzing data from OECD countries, the researchers found that investment and expectations are key factors in long-term unemployment trends. The findings also support the idea that people's emotions and instincts, rather than purely rational calculations, influence investment decisions.