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Modelling the behaviour of unemployment rates in the US over time and across space

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dc.creatorHolmes, Mark J.spa
dc.creatorOtero Cardona, Jesús Gilberto
dc.creatorPanagiotidis, Theodorespa
dc.date.accessioned2020-05-25T23:58:07Z
dc.date.available2020-05-25T23:58:07Z
dc.date.created2013spa
dc.description.abstractThis paper provides evidence that unemployment rates across US states are stationary and therefore behave according to the natural rate hypothesis. We provide new insights by considering the effect of key variables on the speed of adjustment associated with unemployment shocks. A highly-dimensional VAR analysis of the half-lives associated with shocks to unemployment rates in pairs of states suggests that the distance between states and vacancy rates respectively exert a positive and negative influence. We find that higher homeownership rates do not lead to higher half-lives. When the symmetry assumption is relaxed through quantile regression, support for the Oswald hypothesis through a positive relationship between homeownership rates and half-lives is found at the higher quantiles. © 2013 Elsevier B.V. All rights reserved.eng
dc.format.mimetypeapplication/pdf
dc.identifier.doihttps://doi.org/10.1016/j.physa.2013.07.023
dc.identifier.issn3784371
dc.identifier.urihttps://repository.urosario.edu.co/handle/10336/22805
dc.language.isoengspa
dc.relation.citationEndPage5722
dc.relation.citationIssueNo. 22
dc.relation.citationStartPage5711
dc.relation.citationTitlePhysica A: Statistical Mechanics and its Applications
dc.relation.citationVolumeVol. 392
dc.relation.ispartofPhysica A: Statistical Mechanics and its Applications, ISSN:3784371, Vol.392, No.22 (2013); pp. 5711-5722spa
dc.relation.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-84883454196&doi=10.1016%2fj.physa.2013.07.023&partnerID=40&md5=198e45b559fefeef93f308c2c94126f3spa
dc.rights.accesRightsinfo:eu-repo/semantics/openAccess
dc.rights.accesoAbierto (Texto Completo)spa
dc.source.instnameinstname:Universidad del Rosariospa
dc.source.reponamereponame:Repositorio Institucional EdocURspa
dc.subject.keywordHalf livesspa
dc.subject.keywordKey variablesspa
dc.subject.keywordMarket integrationspa
dc.subject.keywordQuantile regressionspa
dc.subject.keywordUnemploymentspa
dc.subject.keywordUnemployment ratesspa
dc.subject.keywordVar analysisspa
dc.subject.keywordEmploymentspa
dc.subject.keywordPopulation statisticsspa
dc.subject.keywordMarket integrationspa
dc.subject.keywordSpeed of adjustmentspa
dc.subject.keywordUnemploymentspa
dc.titleModelling the behaviour of unemployment rates in the US over time and across spacespa
dc.typearticleeng
dc.type.hasVersioninfo:eu-repo/semantics/publishedVersion
dc.type.spaArtículospa
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