Are Labor Force Participation Rates Really Non-Stationary? Evidence from Three OECD Countries

Zeynel Ozdemir (), Mehmet Balcilar and Aysıt Tansel ()

No 6776, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: This paper shows that the structural breaks are an important characteristic of the monthly labor force participation rate (LFPR) series of Australia, Canada and the USA. Therefore we allow for endogenously determined multiple structural breaks in the empirical specifications of fractionally integrated ARMA model. The findings indicate that contrary to the previous research the LFPRs of Australia, Canada and the USA are stationary implying that the informational value of the unemployment rates about the behavior of labor markets and the causes of joblessness are useful.

Keywords: structural change; labor force participation rates; stationarity (search for similar items in EconPapers)
JEL-codes: C22 E24 J21 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2012-08
New Economics Papers: this item is included in nep-lab
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Related works:
Working Paper: Are Labor Force Participation Rates Really Non-Stationary? Evidence from Three OECD Countries (2014)
Working Paper: Are Labor Force Participation Rates Really Non-Stationary? Evidence from Three OECD Countries (2013)
Working Paper: Are Labor Force Participation Rates Really Non-Stationary? Evidence from Three OECD Countries (2012)
Working Paper: Are Labor Force Participation Rates Really Non-Stationary? Evidence from Three OECD Countries (2012)
Working Paper: Are Labor Force Participation Rates Really Non-Stationary? Evidence from Three OECD Countries (2012)
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