Labor-force participation rates and the informal value of unemployment rates : evidence from disaggregated US data

Magnus Gustavsson and Pär Österholm

The informational value of the aggregate US unemployment rate has recently been questioned because of a unit root in the labor-force participation rate; the lack of mean reversion implies that long-run changes in unemployment rates are highly unlikely to reflect long-run changes in joblessness. This paper shows that this critique also extends to unemployment rates for sub-populations, such as prime-aged males. -- Mean reversion ; Unit-root test

MoreLess

Year of publication:	2010
Authors:	Gustavsson, Magnus ; Österholm, Pär
Publisher:	Uppsala : Uppsala Univ., Dep. of Economics
Subject:	Erwerbstätigkeit \| Employment \| Arbeitslosigkeit \| Unemployment \| Mean Reversion \| Mean reversion \| Einheitswurzeltest \| Unit root test \| USA \| United States \| 1948-2007

freely available

Full text |

More access options

uu.diva-portal.org

urn.kb.se

Check Google Scholar

In German libraries (KVK)

I need help

Extent:	Online-Ressource (PDF-Datei: 10 S., 148,39 KB)
Series:	Working papers / Department of Economics, Uppsala University. - Uppsala : [Verlag nicht ermittelbar], ISSN 1653-6975, ZDB-ID 2102298-7. - Vol. 2010:14
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzungen: Acrobat Reader
Other identifiers:	hdl:10419/82602 [Handle]
Classification:	C22 - Time-Series Models ; E24 - Employment; Unemployment; Wages ; J21 - Labor Force and Employment, Size, and Structure
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10008656701