Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/81614
Authors: 
Özdemir, Zeynel Abidin
Balcılar, Mehmet
Tansel, Aysıt
Year of Publication: 
2012
Series/Report no.: 
Discussion Paper, Turkish Economic Association 2012/67
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.
JEL: 
C22
E24
J21
Document Type: 
Working Paper

Files in This Item:
File
Size
149.79 kB





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