Labor-Force Participation Rates and the Informational Value of Unemployment Rates: Evidence from Disaggregated US Data

Magnus Gustavsson and Pär Österholm

No 2010:14, Working Paper Series from Uppsala University, Department of Economics

Abstract: The informational value of the aggregate US unemployment rate has recently been questioned because of a unit root in the labor-force participation rate; the lack of mean reversion implies that long-run changes in unemployment rates are highly unlikely to reflect long-run changes in joblessness. This paper shows that this critique also extends to unemployment rates for sub-populations, such as prime-aged males.

Keywords: Mean reversion; Unit-root test (search for similar items in EconPapers)
JEL-codes: C22 E24 J21 (search for similar items in EconPapers)
Pages: 10 pages
Date: 2010-08-30
New Economics Papers: this item is included in nep-lab
References: View complete reference list from CitEc
Citations: View citations in EconPapers (8)

Downloads: (external link)
http://uu.diva-portal.org/smash/get/diva2:346088/FULLTEXT01.pdf (application/pdf)

Related works:
Journal Article: Labor-force participation rates and the informational value of unemployment rates: Evidence from disaggregated US data (2012)
Working Paper: Labor-Force Participation Rates and the Informational Value of Unemployment Rates: Evidence from Disaggregated US Data (2010)
Working Paper: Labor-Force Participation Rates and the Informational Value of Unemployment Rates: Evidence from Disaggregated US Data (2010)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hhs:uunewp:2010_014

Access Statistics for this paper

More papers in Working Paper Series from Uppsala University, Department of Economics Department of Economics, Uppsala University, P. O. Box 513, SE-751 20 Uppsala, Sweden. Contact information at EDIRC.
Bibliographic data for series maintained by Ulrika Öjdeby ().