Unemployment Hysteresis in the US and the EU: a Panel Data Approach

Arbeitspapier

This paper applies the panel unit root test proposed by Im, Pesaran and Shin (1997) to test for unemployment hysteresis in the US states and the EU countries against the alternative of a natural rate. The results show that hysteresis for the EU and the natural rate for the US states are the most plausible hypotheses.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Department of Economics Discussion Paper ; No. 0006

Classification and Topics

• Classification: Wirtschaft ; Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity ; Single Equation Models; Single Variables: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes ; Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models
• Subject: Unemployment Hysteresis ; Unit Roots ; Panel Tests ; Arbeitslosigkeit ; Hysteresis ; Vergleich ; Panelforschung ; USA ; EU-Staaten

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): León-Ledesma, Miguel A.
• Event: Veröffentlichung
• (who): University of Kent, Department of Economics
• (where): Canterbury
• (when): 2000

Further information

• Handle: http://hdl.handle.net/10419/105545
• Last update: 10.03.2025, 11:44 AM CET