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PKP Metadata Items |
Metadata for this Document |
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| 1. |
Title |
Title of document |
A Reduced-form Equation for the Unemployment Rate Estimated from a Panel of Nineteen OECD Countries |
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| 2. |
Creator |
Author's name, affiliation, country |
Dimitris Hatzinikolaou; University of Ioannina; Greece |
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| 2. |
Creator |
Author's name, affiliation, country |
Konstantina Girtzimani; University of Ioannina; Greece |
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Creator |
Author's name, affiliation, country |
Christos Mousafiris; University of Ioannina; Greece |
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| 3. |
Subject |
Discipline(s) |
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| 3. |
Subject |
Keyword(s) |
unemployment; labour market; OECD |
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| 4. |
Description |
Abstract |
Using a dynamic fixed-effects model for a panel of nineteen OECD countries and annual aggregate data, 1970-2008, we estimate a reduced-form equation for the observed unemployment rate. We find that wage-push factors, such as employment protection and union power, increase the unemployment rate, whereas net immigration reduces it, although this last effect is practically negligible. We also find that the labour market is characterised by strong “lagged adjustment processes,” so the governments of the countries in the sample have an additional incentive to fight current unemployment, to prevent it from becoming prolonged. |
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Publisher |
Organizing agency, location |
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| 6. |
Contributor |
Sponsor(s) |
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| 7. |
Date |
(YYYY-MM-DD) |
2015-09-29
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| 8. |
Type |
Status & genre |
Peer-reviewed Article |
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| 8. |
Type |
Type |
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| 9. |
Format |
File format |
PDF |
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| 10. |
Identifier |
Uniform Resource Identifier |
http://www.esr.ie/article/view/399 |
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| 11. |
Source |
Title; vol., no. (year) |
The Economic and Social Review; Vol 46, No 3, Autumn (2015) |
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| 12. |
Language |
English=en |
en |
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| 13. |
Relation |
Supp. Files |
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| 14. |
Coverage |
Geo-spatial location, chronological period, research sample (gender, age, etc.) |
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| 15. |
Rights |
Copyright and permissions |
Copyright (c) 2015 The Economic and Social Review
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