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2010 | 5 | 1 | 91-94
Article title

Hysteresis vs. Natural Rate of Unemployment: One, the Other, or Both?

Title variants
Languages of publication
EN
Abstracts
EN
This paper re-examines the empirical validity of the hysteresis hypothesis in unemployment rates by education level in 17 OECD countries. To this end, for an unbalanced panel, we employed Pesaran's Cross-Sectional Dependence (CD) and Cross-Sectionally Augmented ADF (CADF) tests. Our empirical findings provide evidence favorable to the non-stationarity of unemployment rates according to levels of primary and secondary education attainment in total unemployment, and therefore the existence of hysteresis for these levels of education. There is no evidence, however, of hysteresis for unemployment rates by tertiary education.
Publisher
Year
Volume
5
Issue
1
Pages
91-94
Physical description
Dates
published
2010-04-01
online
2011-06-07
Contributors
author
  • Faculty of Economics and Administrative Sciences, Department of Economics, University of Erciyes, Kayseri, TURKEY
author
  • Faculty of Economics and Administrative Sciences, Department of Economics, University of Nigde, Nigde, TURKEY
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Document Type
Publication order reference
Identifiers
YADDA identifier
bwmeta1.element.doi-10_2478_v10033-010-0009-0
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