Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/20407 
Erscheinungsjahr: 
2004
Schriftenreihe/Nr.: 
IZA Discussion Papers No. 1168
Verlag: 
Institute for the Study of Labor (IZA), Bonn
Zusammenfassung: 
This paper compares models used to explain OECD unemployment. The models suggest that the ?natural rate of unemployment? has been driven up mainly by wage push factors. Panel data on twenty-two OECD countries are used to investigate the explanatory power of these models over the past two decades. Our estimates reveal that coefficients on key variables often turn out with signs which are at odds with the theories or are insignificant and that a second order autoregressive model performs nearly as well as all the other models. The conclusion offers some directions for future research.
Schlagwörter: 
unemployment
natural rate
supply shocks
hysteresis
JEL: 
E24
J64
C52
Dokumentart: 
Working Paper

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