Centurial Evidence of Breaks in the Persistence of Unemployment

A novel procedure is applied to test for switches between hysteresis and the natural rate theory over more than a century of UK and USA unemployment data. For both the countries we see a period conforming to hysteresis starting in the early 1920s for the UK and 1930 for USA

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Year of publication:	2016
Authors:	Ghoshray, Atanu
Other Persons:	Stamatogiannis, Michalis P. (contributor)
Publisher:	[2016]: [S.l.] : SSRN
Subject:	Arbeitslosigkeit \| Unemployment \| Strukturbruch \| Structural break \| Hysterese \| Hysteresis \| Einheitswurzeltest \| Unit root test \| Großbritannien \| United Kingdom \| Schätzung \| Estimation

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Extent:	1 Online-Ressource (7 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments February 20, 2015 erstellt
Other identifiers:	10.2139/ssrn.2863852 [DOI]
Classification:	C12 - Hypothesis Testing ; C22 - Time-Series Models ; E24 - Employment; Unemployment; Wages
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012979965