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In this paper we have examined the unemployment rate series in Turkey by using long memory models and in particular … employing fractionally integrated techniques. Our results suggest that unemployment in Turkey is highly persistent, with orders …. We found evidence in favor of mean reversion in the case of female unemployment and this happens for all the groups of …
Persistent link: https://www.econbiz.de/10012946569
. It demonstrates strong correlations between keyword searches and unemployment rates using monthly German data and …
Persistent link: https://www.econbiz.de/10013117001
This paper provides a model of "social hysteresis" whereby long, deep recessions demotivate workers and thereby lead …
Persistent link: https://www.econbiz.de/10013080876
The persistence of U.S. unemployment has risen with each of the last three recessions, raising the specter that future … shocks do not systematically lead to more persistent unemployment than monetary policy shocks, so these cannot explain the … rising persistence of unemployment. Second, monetary and fiscal policies can account for only part of the evolving …
Persistent link: https://www.econbiz.de/10013061955
This paper investigates the relationship between labor force participation rate and unemployment rate in Turkey a … indicate that there is no long-run relationship between labor force participation and unemployment rates in Turkey. Thus …, unlike in the case of the developed countries the unemployment invariance hypothesis is supported in Turkey …
Persistent link: https://www.econbiz.de/10013028155
This paper examines the possibility of unit roots in the presence of endogenously determined multiple structural breaks in the total, female and male labour force participation rates (LFPR) for Australia, Canada and the USA. We extend the procedure of Gil-Alana (2008) for single structural break...
Persistent link: https://www.econbiz.de/10013118773
unemployment rates about the behavior of labor markets and the causes of joblessness are useful …
Persistent link: https://www.econbiz.de/10013065313
This paper provides an empirical analysis on the determination of wages at the sectoral level in main industrial economies. Nominal wages are bargained between labour unions and employers in imperfect competitive markets, where spillovers across sectors might occur. Using a principal component...
Persistent link: https://www.econbiz.de/10013144083
, phenomena, and history. Given the key role that the Non-Accelerating Inflation Rate of Unemployment (NAIRU) has in the …, identifying methodological strengths and the weaknesses in the body of the macroeconomic research about the concept of NAIRU. In …
Persistent link: https://www.econbiz.de/10013118538
The U.S. economy is recovering from the financial crisis and ensuing deep recession, but the unemployment rate has … remained stubbornly high. Some have argued that the persistent elevation of unemployment relative to historical norms reflects … rate of unemployment, implying that conventional monetary and fiscal policy should not be used in an attempt to return …
Persistent link: https://www.econbiz.de/10013122681