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The informational value of unemployment statistics: A note on the time series properties of participation rates
Department of Economics, Uppsala University, Uppsala, Sweden.
Department of Economics, Uppsala University, Uppsala, Sweden.ORCID iD: 0000-0002-4840-7649
2006 (English)In: Economics Letters, ISSN 0165-1765, E-ISSN 1873-7374, Vol. 92, no 3, 428-433 p.Article in journal (Refereed) Published
Abstract [en]

Using a battery of unit root tests, we show that labor force participation rates in Australia, Canada and the U.S. are non-stationary. This implies that great care is needed before unemployment rates are used as measures of joblessness.

Place, publisher, year, edition, pages
Elsevier, 2006. Vol. 92, no 3, 428-433 p.
Keyword [en]
hysteresis, unit root test
National Category
Economics
Research subject
Economics
Identifiers
URN: urn:nbn:se:oru:diva-61066DOI: 10.1016/j.econlet.2006.03.032ISI: 000240823200022Scopus ID: 2-s2.0-33748067768OAI: oai:DiVA.org:oru-61066DiVA: diva2:1141776
Available from: 2017-09-15 Created: 2017-09-15 Last updated: 2017-09-22Bibliographically approved

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Österholm, Pär

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