Is labour force participation independent of unemployment? A panel analysis for high-income countries

IF 4.6 3区管理学 Q1 INDUSTRIAL RELATIONS & LABOR

International Journal of Manpower Pub Date : 2024-02-15 DOI:10.1108/ijm-10-2022-0474

Walter Paternesi Meloni

引用次数: 0

Abstract

Purpose

We test the pertinence of the unemployment invariance hypothesis (UIH) for a set of Organisation for Economic Co-operation and Development countries.

Design/methodology/approach

We empirically investigate the nexus between unemployment and labour force participation employing structural vector autoregressive methods for panel data.

Findings

We find that shocks in unemployment produce long-lasting, negative effects on participation, testifying to a discouraged worker effect.

Originality/value

Our results do not support the validity of the UIH in high-income economies. This has relevant implications for policy making and macroeconomic models.

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劳动力参与与失业无关吗？对高收入国家的面板分析

目的我们在一组经济合作与发展组织国家中检验了失业不变性假设（UIH）的相关性。设计/方法/途径我们采用面板数据的结构向量自回归方法，对失业与劳动力参与之间的关系进行了实证研究。这对政策制定和宏观经济模型具有重要意义。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

International Journal of Manpower Multiple-

CiteScore

8.40

自引率

11.40%

发文量

期刊介绍： ■Employee welfare ■Human aspects during the introduction of technology ■Human resource recruitment, retention and development ■National and international aspects of HR planning ■Objectives of human resource planning and forecasting requirements ■The working environment