MADSEN, JAKOB; MISHRA, VINOD; SMYTH, RUSSELL - In: Australian Economic Papers 47 (2008) 2, pp. 166-189
This paper applies a unit root test with a non-linear threshold to examine whether labour force participation rates are mean reverting for G7 countries using annual data over a 130 year period. We find some evidence of mean reversion for just over half the sample; however, this result is...