Real interest rate and labor market performance in developing countries

Using data on 68 developing countries from 1979 to 2008 and controlling for a wide array of factors, this paper finds that a rise in the real interest rate increases the unemployment rate and decreases the employment rate. The magnitude of these effects is small. The results are robust to variations in specification.

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Year of publication:	2012
Authors:	Feldmann, Horst
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 117.2012, 1, p. 200-203
Publisher:	Elsevier
Subject:	Employment \| Real interest rate \| Unemployment

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Type of publication:	Article
Classification:	E24 - Employment; Unemployment; Wages ; E40 - Money and Interest Rates. General ; J64 - Unemployment: Models, Duration, Incidence, and Job Search
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010580488