Employment Reallocation and Unemployment Revisited: A Quantile Regression Approach

Theodore Panagiotidis and Gianluigi Pelloni

Working Paper series from Rimini Centre for Economic Analysis

Abstract: This study revisits the sectoral shifts hypothesis for the US for the period 1948 to 2011. A quantile regression approach is employed in order to investigate the asymmetric nature of the relationship between sectoral employment and unemployment. Significant asymmetries emerge. Lilien’s dispersion index is significant only for relatively high levels of unemployment and becomes insignificant for low levels suggesting that reallocation effects unemployment only when the latter is relative high. More job reallocation is associated with higher unemployment.

Keywords: unemployment; employment reallocation; sectoral shifts; aggregate shocks; conditional quantile regression model; bootstrapping (search for similar items in EconPapers)
JEL-codes: C22 C50 E24 (search for similar items in EconPapers)
Date: 2013-01, Revised 2014-02
New Economics Papers: this item is included in nep-lab
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Working Paper: Employment Reallocation and Unemployment Revisited: A Quantile Regression Approach (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:rim:rimwps:01_13

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