This paper investigates the empirical relevance of different unemployment theories in three major economies, namely the … UK, the US and Japan, by estimating the degree of dependence in the unemployment series. Both univariate and multivariate …. Specifically, when taking a univariate approach, the unit root null cannot be rejected in case of the UK and Japanese unemployment …

. Second, we apply it to test for breaks in the unemployment rate in the US, the UK and Japan. Our results shed some light on … the empirical relevance of alternative unemployment theories for these countries. Specifically, a structuralist …

. Second, we apply it to test for breaks in the unemployment rate in the US, the UK and Japan. Our results shed some light on … the empirical relevance of alternative unemployment theories for these countries. Specifically, a structuralist …