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Unemployment Hysteresis by Sex and Education Attainment in the EU

In this paper, we analyse the degree of persistence of shocks in unemployment rates for a group of 22 European countries, disaggregating the data by sex and education attainment. By means of using a long-memory model with fractional integration techniques, we find high levels of persistence in the m...

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Autores principales: Cuestas, Juan Carlos, Gil-Alana, Luis
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer US 2023
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9844200/
http://dx.doi.org/10.1007/s13132-023-01106-1
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author Cuestas, Juan Carlos
Gil-Alana, Luis
author_facet Cuestas, Juan Carlos
Gil-Alana, Luis
author_sort Cuestas, Juan Carlos
collection PubMed
description In this paper, we analyse the degree of persistence of shocks in unemployment rates for a group of 22 European countries, disaggregating the data by sex and education attainment. By means of using a long-memory model with fractional integration techniques, we find high levels of persistence in the majority of the cases with orders of integration which are around 1. Also, we find that women and those with higher education are the ones which shocks tend to have less lasting effects since they refer to the series with the lowest orders of integration, in some cases being significantly below 1 and thus showing mean reversion. Policy implications are derived from our analysis.
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spelling pubmed-98442002023-01-18 Unemployment Hysteresis by Sex and Education Attainment in the EU Cuestas, Juan Carlos Gil-Alana, Luis J Knowl Econ Article In this paper, we analyse the degree of persistence of shocks in unemployment rates for a group of 22 European countries, disaggregating the data by sex and education attainment. By means of using a long-memory model with fractional integration techniques, we find high levels of persistence in the majority of the cases with orders of integration which are around 1. Also, we find that women and those with higher education are the ones which shocks tend to have less lasting effects since they refer to the series with the lowest orders of integration, in some cases being significantly below 1 and thus showing mean reversion. Policy implications are derived from our analysis. Springer US 2023-01-17 /pmc/articles/PMC9844200/ http://dx.doi.org/10.1007/s13132-023-01106-1 Text en © The Author(s) 2023 https://creativecommons.org/licenses/by/4.0/Open AccessThis article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. The images or other third party material in this article are included in the article's Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the article's Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0/ (https://creativecommons.org/licenses/by/4.0/) .
spellingShingle Article
Cuestas, Juan Carlos
Gil-Alana, Luis
Unemployment Hysteresis by Sex and Education Attainment in the EU
title Unemployment Hysteresis by Sex and Education Attainment in the EU
title_full Unemployment Hysteresis by Sex and Education Attainment in the EU
title_fullStr Unemployment Hysteresis by Sex and Education Attainment in the EU
title_full_unstemmed Unemployment Hysteresis by Sex and Education Attainment in the EU
title_short Unemployment Hysteresis by Sex and Education Attainment in the EU
title_sort unemployment hysteresis by sex and education attainment in the eu
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9844200/
http://dx.doi.org/10.1007/s13132-023-01106-1
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