Unemployment hysteresis by gender and youth in the EU: evidence from new factor PANIC unit root tests with breaks

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dc.contributor.authorYavuz, Ruya Atakli
dc.contributor.authorKilic, Cuneyt
dc.contributor.authorAkcan, Ahmet Tayfur
dc.date.accessioned2025-01-27T20:29:19Z
dc.date.available2025-01-27T20:29:19Z
dc.date.issued2024
dc.departmentÇanakkale Onsekiz Mart Üniversitesi
dc.description.abstractPurposeUnemployment hysteresis is when the unemployment rate increases at the time of an economic shock and does not return to its previous level after the shock. Unemployment hysteresis is one of the most common economic diseases in labour markets. In this study, unemployment hysteresis is investigated for female, male, youth and general unemployment rates of EU countries.Design/methodology/approachThe new factorial PANIC test was employed to ascertain the existence of hysteresis in the labour market in the EU countries between 1991 and 2023.FindingsAlthough there are some countries where the hysteresis effect is not a priori valid, it is generally accepted that the hysteresis effect is valid in most European countries.Practical implicationsIn order to enhance the labour markets of EU countries, it is recommended that active and passive employment policies be implemented in a more comprehensive manner.Originality/valueWhile there are numerous studies that examine the phenomenon of unemployment hysteresis in relation to general unemployment rates, there are only a limited number of studies that examine it in relation to female, male and youth unemployment rates. Another significant contribution of the study is the utilisation of the new factorial PANIC unit root test approach developed by Payne et al. (2022).
dc.identifier.doi10.1108/IJM-05-2024-0314
dc.identifier.issn0143-7720
dc.identifier.issn1758-6577
dc.identifier.scopus2-s2.0-85211599089
dc.identifier.scopusqualityQ1
dc.identifier.urihttps://doi.org/10.1108/IJM-05-2024-0314
dc.identifier.urihttps://hdl.handle.net/20.500.12428/22904
dc.identifier.wosWOS:001375149200001
dc.identifier.wosqualityN/A
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherEmerald Group Publishing Ltd
dc.relation.ispartofInternational Journal of Manpower
dc.relation.publicationcategoryinfo:eu-repo/semantics/openAccess
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.snmzKA_WoS_20250125
dc.subjectUnemployment hysteresis
dc.subjectGender
dc.subjectYouth
dc.subjectStructural breaks
dc.subjectCross-correlations new PANIC test
dc.titleUnemployment hysteresis by gender and youth in the EU: evidence from new factor PANIC unit root tests with breaks
dc.typeArticle

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