This paper examines whether Australian labour market variables, in particular aggregate employment and unemployment, exhibit particular forms of nonlinearity and asymmetry that are of economic interest. the analysis used nonparametric tests - the BDS text and the triples test. The BDS test...

Using a large panel of administrative records on unemployment durations this study confirms the predictions of the ranking model of Blanchard and Diamond (1994) that an individual’s probability of leaving unemployment decreases with unemployment duration and increases with labour market...