Employment Reallocation and Unemployment Revisited: A Quantile Regression Approach

Panagiotidis, Theodore ; Pelloni, Gianluigi (2013) Employment Reallocation and Unemployment Revisited: A Quantile Regression Approach. Bologna: Dipartimento di Scienze economiche DSE, p. 29. DOI 10.6092/unibo/amsacta/3734. In: Quaderni - Working Paper DSE (881). ISSN 2282-6483.
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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 affects unemployment only when the latter is high. More job reallocation is associated with higher unemployment.

Abstract
Document type
Monograph (Working Paper)
Creators
CreatorsAffiliationORCID
Panagiotidis, Theodore
Pelloni, Gianluigi
Keywords
unemployment, employment reallocation, sectoral shifts, aggregate shocks, conditional quantile regression model, bootstrapping
Subjects
ISSN
2282-6483
DOI
Deposit date
30 Jul 2013 10:22
Last modified
03 Oct 2013 08:55
URI

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