Structural change in the job matching process in the United States, 1923–1932

IF 1.2 1区 历史学 Q3 ECONOMICS
Woong Lee, Yeo Joon Yoon
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引用次数: 3

Abstract

This paper explores the structural change in the job matching process in the United States from 1923 to 1932. Bai–Perron test is employed with data from public employment offices. The result shows that there are two structural changes, July 1928 and August 1930. The first breakpoint corresponds to approximately a year before the stock market crash, implying that there was a sign of downturn in the labor market when the economy was still in a period of expansion. The second break point is related to the Great Contraction when the entire economy was going in a downward spiral.
1923–1932年美国就业匹配过程的结构变化
本文探讨了1923年至1932年美国就业匹配过程中的结构性变化。Bai–Perron测试采用了公共就业办公室的数据。结果表明,我国经济结构发生了两次变化,分别是1928年7月和1930年8月。第一个断点对应于股市崩盘前大约一年,这意味着当经济仍处于扩张期时,劳动力市场出现了低迷的迹象。第二个转折点与大收缩有关,当时整个经济都在螺旋式下降。
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来源期刊
CiteScore
2.60
自引率
7.10%
发文量
15
期刊介绍: European Review of Economic History has established itself as a major outlet for high-quality research in economic history, which is accessible to readers from a variety of different backgrounds. The Review publishes articles on a wide range of topics in European, comparative and world economic history. Contributions shed new light on existing debates, raise new or previously neglected topics and provide fresh perspectives from comparative research. The Review includes full-length articles, shorter articles, notes and comments, debates, survey articles, and review articles. It also publishes notes and announcements from the European Historical Economics Society.
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