Coakley, Jerry; Fuertes, Ana-María; Zoega, Gylfi - In: Studies in Nonlinear Dynamics & Econometrics 5 (2001) 3
This paper assesses empirically two competing unemployment theories. It identifies one structural break in U.K. and German unemployment around 1980 that is more severe in both absolute and relative terms than that for the United States in 1973. This offers support for the structuralist theory. A...
