Unemployment in the OECD : Models and Mysteries

dc.creator	Junankar, P. N. (Raja)
dc.creator	Madsen, Jakob B.
dc.date	2004
dc.date.accessioned	2013-10-16T07:10:24Z
dc.date.available	2013-10-16T07:10:24Z
dc.date.issued	2013-10-16
dc.identifier	http://hdl.handle.net/10419/20407
dc.identifier	ppn:388742607
dc.identifier.uri	http://koha.mediu.edu.my:8181/xmlui/handle/10419/20407
dc.description	This paper compares models used to explain OECD unemployment. The models suggest that the ?natural rate of unemployment? has been driven up mainly by wage push factors. Panel data on twenty-two OECD countries are used to investigate the explanatory power of these models over the past two decades. Our estimates reveal that coefficients on key variables often turn out with signs which are at odds with the theories or are insignificant and that a second order autoregressive model performs nearly as well as all the other models. The conclusion offers some directions for future research.
dc.language	eng
dc.publisher
dc.relation	IZA Discussion paper series 1168
dc.rights	http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject	E24
dc.subject	J64
dc.subject	C52
dc.subject	ddc:330
dc.subject	unemployment
dc.subject	natural rate
dc.subject	supply shocks
dc.subject	hysteresis
dc.subject	Theorie der Arbeitslosigkeit
dc.subject	Theorie
dc.subject	Arbeitslosigkeit
dc.subject	OECD-Staaten
dc.title	Unemployment in the OECD : Models and Mysteries
dc.type	doc-type:workingPaper
dc.coverage	1964-1993

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