Fuchs, Johann and Weber, Enzo (2013) A new look at the discouragement and the added worker hypotheses: applying a trend-cycle decomposition to unemployment. APPLIED ECONOMICS LETTERS, 20 (15). pp. 1374-1378. ISSN 1350-4851,
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This article proposes an unobserved components approach to disentangle the influence of unemployment on labour participation into a permanent and a cyclical part, connected to discouragement and added worker effect, respectively. By splitting up the participation effect of changes in the unemployment rate, our analysis differs profoundly from previous studies that present the net of both or only a single effect. The results for Germany confirm that both the discouragement and the added worker effect exist, but different age groups respond differently to permanent and transitory changes in the unemployment rate.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | ; labour participation; discouragement; added worker effect; unobserved components; C32; E24; J21 |
| Subjects: | 300 Social sciences > 330 Economics |
| Divisions: | Business, Economics and Information Systems > Institut für Volkswirtschaftslehre und Ökonometrie > Lehrstuhl für Empirische Wirtschaftsforschung, insbesondere Makroökonomie und Arbeitsmarkt (Prof. Dr. Enzo Weber) |
| Depositing User: | Dr. Gernot Deinzer |
| Date Deposited: | 31 Mar 2020 11:21 |
| Last Modified: | 31 Mar 2020 11:21 |
| URI: | https://pred.uni-regensburg.de/id/eprint/16008 |
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