Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/62367
Authors: 
Ozdemir, Zeynel Abidin
Balcilar, Mehmet
Tansel, Aysit
Year of Publication: 
2012
Series/Report no.: 
Discussion Paper series, Forschungsinstitut zur Zukunft der Arbeit 6776
Abstract: 
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.
Subjects: 
labor force participation rates
structural change
stationarity
JEL: 
C22
E24
J21
Document Type: 
Working Paper

Files in This Item:
File
Size
172.89 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.