The informational value of unemployment statistics:: A note on the time series properties of participation rates

被引：24

作者：

Gustavsson, Magnus ^{[1
]}

Osterholm, Par ^{[1
]}

机构：

[1] Univ Uppsala, Dept Econ, S-75120 Uppsala, Sweden

来源：

ECONOMICS LETTERS | 2006年 / 92卷 / 03期

关键词：

hysteresis; unit root test;

D O I：

10.1016/j.econlet.2006.03.032

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Using a battery of unit root tests, we show that labor force participation rates in Australia, Canada and the U.S. are non-stationary. This implies that great care is needed before unemployment rates are used as measures of joblessness. (c) 2006 Elsevier B.V All rights reserved.

引用

收藏

页码：428 / 433

页数：6

相关论文

共 15 条

[1] Some empirical evidence on the 'discouraged worker' effect [J].

Benati, L .

ECONOMICS LETTERS, 2001, 70 (03) :387-395

[2] Hysteresis vs. natural rate of unemployment: new evidence for OECD countries [J].

Camarero, M ;

Tamarit, C .

ECONOMICS LETTERS, 2004, 84 (03) :413-417

[3]

CHOI I, 1995, ECON LETT, V49, P131

[4] The fatality effects of highway speed limits by gender and age [J].

Dee, TS ;

Sela, RJ .

ECONOMICS LETTERS, 2003, 79 (03) :401-408

[5]

GUSTAVSSON M, 2006, DOES UNEMPLOYMENT HY

[6] Testing for unit roots in heterogeneous panels [J].

Im, KS ;

Pesaran, MH ;

Shin, Y .

JOURNAL OF ECONOMETRICS, 2003, 115 (01) :53-74

[7] STATISTICAL-ANALYSIS OF COINTEGRATION VECTORS [J].

JOHANSEN, S .

JOURNAL OF ECONOMIC DYNAMICS & CONTROL, 1988, 12 (2-3) :231-254

[8]

KRUGMAN PR, 2004, NY TIMES 1012

[9] TESTING THE NULL HYPOTHESIS OF STATIONARITY AGAINST THE ALTERNATIVE OF A UNIT-ROOT - HOW SURE ARE WE THAT ECONOMIC TIME-SERIES HAVE A UNIT-ROOT [J].

KWIATKOWSKI, D ;

PHILLIPS, PCB ;

SCHMIDT, P ;

SHIN, YC .

JOURNAL OF ECONOMETRICS, 1992, 54 (1-3) :159-178

[10]

Murphy KM, 1997, AM ECON REV, V87, P295