A nonparametric analysis of regional unemployment dynamics in Britain

Arbeitspapier

This paper estimates the probability distribution of relative county unemployment in Britain for the years 1981-1995. We find that the distribution is unimodal in all years, with a falling variance between 1989 and 1994. We use bootstrap methods to determine critical values for the two tails of the distribution, and analyse intra-distribution dynamics. An unemployment transition is defined as a move between a tail and the centre of the distribution (and vice versa). We calculate transition probabilities and find that the probability of leaving any given state is very low. We also find that high (low) unemployment regions have a higher probability of entering a state of lower (higher) unemployment than a state of higher (lower) unemployment.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: SFB 373 Discussion Paper ; No. 1997,94

Classification and Topics

• Classification: Wirtschaft ; Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity ; Size and Spatial Distributions of Regional Economic Activity ; Semiparametric and Nonparametric Methods: General
• Subject: panel data ; nonparametric analysis ; Regional unemployment ; asymmetric effects in the persistence of transition dynamics

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Bianchi, Marco ; Zoega, Gylfi
• Event: Veröffentlichung
• (who): Humboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes
• (where): Berlin
• (when): 1997

Further information

• Handle: http://hdl.handle.net/10419/66269
• URN: urn:nbn:de:kobv:11-10064736
• Last update: 10.03.2025, 11:44 AM CET