Unemployment and labor force participation in the United States

被引:33
作者
Emerson, Jamie [1 ]
机构
[1] Salisbury Univ, Dept Econ & Finance, Perdue Sch Business, Salisbury, MD 21801 USA
关键词
Cointegration; Discouraged worker; Unemployment invariance hypothesis; TIME-SERIES; HYPOTHESIS; ROOT;
D O I
10.1016/j.econlet.2011.02.022
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper uses historical data from the United States to investigate the relationship between unemployment and labor force participation. Cointegration analysis supports a long-run relationship between these two variables, which leads us to question the empirical relevance of the unemployment invariance hypothesis for the United States. (C) 2011 Elsevier B.V. All rights reserved.
引用
收藏
页码:203 / 206
页数:4
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