Caporale, Guglielmo Maria; Gil-Alana, Luis A. - CESifo - 2012
This paper analyses monthly hours worked in the US over the sample period 1939m1 – 2011m10 using a cyclical long memory … specification is that the periodogram of the hours worked series has a peak at a frequency away from zero. The empirical results … confirm that this model works extremely well for hours worked, and it is then employed to analyse their relationship with …