Ozdemir, Zeynel / A. and Balcilar, Mehmet and Tansel, Aysit (2012): Are Labor Force Participation Rates Really Non-Stationary? Evidence from Three OECD Countries.
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This paper shows that the structural breaks are an important characteristic of the monthly labor force participation rate (LFPR) series of Australia, Canada and the USA. Therefore we allow for endogenously determined multiple structural breaks in the empirical specifications of fractionally integrated ARMA model. The findings indicate that contrary to the previous research the LFPRs of Australia, Canada and the USA are stationary implying that the informational value of the unemployment rates about the behavior of labor markets and the causes of joblessness are useful.
|Item Type:||MPRA Paper|
|Original Title:||Are Labor Force Participation Rates Really Non-Stationary? Evidence from Three OECD Countries|
|English Title:||Are Labor Force Participation Rates Really Non-Stationary? Evidence from Three OECD Countries|
|Keywords:||Labor Force Participation Rates; Structural Change; Stationarity|
|Subjects:||E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E24 - Employment ; Unemployment ; Wages ; Intergenerational Income Distribution ; Aggregate Human Capital ; Aggregate Labor Productivity
J - Labor and Demographic Economics > J2 - Demand and Supply of Labor > J21 - Labor Force and Employment, Size, and Structure
C - Mathematical and Quantitative Methods > C2 - Single Equation Models ; Single Variables > C22 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes
|Depositing User:||Aysit Tansel|
|Date Deposited:||08 Aug 2012 11:51|
|Last Modified:||06 Apr 2016 12:16|
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