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Compositional changes of the labor force and the increase of the unemployment rate: an estimate for the U.S.

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dc.contributor.authorGracia-Díez, Mercedes
dc.date.accessioned2023-06-21T02:56:51Z
dc.date.available2023-06-21T02:56:51Z
dc.date.issued1987
dc.description.abstractThis paper estimates how demographic changes in the composition of the labor force affect the unemployment rate in the U.S. In addition to the effect coming from changes in the weights of the individual groups comprising the total, the impact of compositional changes on the individual unemployment rates is estimated by using a dummy variables model and incorporated into the estimate upon the overall unemployment rate. The results suggest that the incorporation of the latter effect is significant. Indeed, the estimates presentad in this paper are almost twice as high as those provided by the fixed-weight-method used in previous studies.
dc.description.departmentDecanato
dc.description.facultyFac. de Ciencias Económicas y Empresariales
dc.description.refereedTRUE
dc.description.statuspub
dc.eprint.idhttps://eprints.ucm.es/id/eprint/21154
dc.identifier.issn2255-5471
dc.identifier.relatedurlhttp://economicasyempresariales.ucm.es/working-papers-ccee
dc.identifier.relatedurlhttps://economicasyempresariales.ucm.es/working-papers-ccee
dc.identifier.urihttps://hdl.handle.net/20.500.14352/65971
dc.issue.number08
dc.language.isoeng
dc.page.total22
dc.publication.placeMadrid
dc.publisherFacultad de Ciencias Económicas y Empresariales. Decanato
dc.relation.ispartofseriesDocumentos de Trabajo de la Facultad de Ciencias Económicas y Empresariales
dc.rightsAtribución-NoComercial-CompartirIgual 3.0 España
dc.rights.accessRightsopen access
dc.rights.urihttps://creativecommons.org/licenses/by-nc-sa/3.0/es/
dc.subject.keywordTasa de desempleo en EE.UU.
dc.subject.keywordVariable dummy
dc.subject.ucmTrabajo
dc.titleCompositional changes of the labor force and the increase of the unemployment rate: an estimate for the U.S.
dc.typetechnical report
dc.volume.number1987
dcterms.references-BUREAU OF LABOR STATISTICS, Handbook of Labor Statistics, Sept. 1982 (Bulletin 2091.) and June 1985 (Bulletln 2217). -FLAIM, P.O., (1979), "The Effect of Demographic Changes on the Nation´s Unemployment Rate", Monthly Labor Review, pp. 13-23, March. -HAYASHI, F. and SIMS, C., (1983) "Nearly Efficient Estimation of Time Series Models with Predetermined, but not Exogenous, Instruments", Econometrica, May. -JOHNSON, G.E. and LAYARO, P.R.G., (1985), "The Natural Rate of Unemployment: Explanation and Policy". To appear in O.Ashenfelter and R. Layard (Eds.) Handbook In Labor Economics, North-Holland. -JOVANOVIC, B. and SHAKOTKO, R.A., (1983), "Heterogeneous Information and the Real Business Cycle: A Theoretical and Empirical Analysis", C.V. Starr Center, Working Paper n. 8317. -KAUFMAN, R.T., (1980), "Patterns of Unemployment In North America, Wester Europe and Japan", In E. Malinvaud and J.P. Fitoussi (eds.). Unemployment In Western Countries, St. Martin's Press, New York. -ORGANIZATION FOR ECONOMIC COOPERATION ANO DEVELOPMENT, (1978), A Medium Term Strategy for Employment and Mangower Policies, París. -PERRY, G.L., (3:1970), "Changing Labor Markets and Infation". Brooking Papers on Economic Activity, pp.411-41. -POOGURSKY,H., (1984), "Sources of Secular Increases in the Unemployment Rate, 1969-1982", Monthly Labor Review, July, pp 19-25. -TOPEL, R.H. and WARD, M.P., (1985), "Job Mobility and the Careers of Young Men", Mimeo. -WACHTER, M.J., (1976a), "The changing Cyclical Responsiveness of Wage Inflation", Brooking Papers on Economic Activity, pp.115-59. -WACHTER, M.J., (1976b), 'The Demographic Impact of Unemployment: Past Experience and the Outlook for the Future", Demographic Trends and Full Employment, Special Report num. 12. The National Commission for Manpower Policy, December. -WALLlS, K., (1967) "Lagged Dependent Variables and Serially Correlated Errors: A Reappraisal of Three-Pass Least Squares" Review of Economics and Statistics. Vo1.49, pp 555-67.
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