Unraveling unemployment hysteresis in Nordic countries: a multifaceted analysis of age, gender and frequency differentials
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Tarih
2024
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Emerald Group Publishing Ltd
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
PurposeThis study aims to test the unemployment hysteresis hypothesis for Nordic countries by considering age and gender differentials at various frequencies.Design/methodology/approachFirst, the authors test the linearity of the unemployment series and apply appropriate unit root tests based on the linearity test results. The authors use these tests for both original and wavelet-decomposed unemployment rates.FindingsThe authors' findings indicate that the results obtained from the original and decomposed series differ. While the authors find evidence of unemployment hysteresis in the six unemployment rates in the short run, they observe supportive results for hysteresis in the three unemployment rates in the long run.Originality/valueThe authors take into account different age and gender groups. Furthermore, the authors propose a testing strategy for unemployment hysteresis that considers the nonlinearity and structural breaks in unemployment rates. Finally, the authors determine whether the unemployment hysteresis is valid at various frequencies.
Açıklama
Anahtar Kelimeler
Nonlinearity, Structural breaks, Unemployment hysteresis, Wavelet decomposition, Age, Gender
Kaynak
International Journal of Manpower
WoS Q Değeri
Q1
Scopus Q Değeri
Q1
Cilt
45
Sayı
6
