Fuchs, Johann and Weber, Enzo (2017) Long-term unemployment and labour force participation: a decomposition of unemployment to test for the discouragement and added worker hypotheses. APPLIED ECONOMICS, 49 (60). pp. 5971-5982. ISSN 0003-6846, 1466-4283
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We sharpen tests for 'discouragement' and 'added worker' effects by splitting the explanatory variable - the unemployment rate - into a short-term component and a long-term component. While short-term unemployment (STU) might not result in additional workers on a large scale, long-term unemployment (LTU) reduces household income more, increasing the need for additional income. On the other hand, it may discourage older workers for psychological and sociological reasons. Applying our model to the German labour market, these hypotheses could be confirmed. Even for men, about whom only a few empirical studies on this issue are available, distinguishing between STU and LTU reveals added worker as well as discouragement effects.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | IMPACT; Added worker effect; discouraged worker; labour force participation; long-term unemployment |
| 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: | 14 Dec 2018 13:01 |
| Last Modified: | 20 Feb 2019 14:31 |
| URI: | https://pred.uni-regensburg.de/id/eprint/628 |
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