{"title":"Is labour force participation independent of unemployment? A panel analysis for high-income countries","authors":"Walter Paternesi Meloni","doi":"10.1108/ijm-10-2022-0474","DOIUrl":null,"url":null,"abstract":"<h3>Purpose</h3>\n<p>We test the pertinence of the unemployment invariance hypothesis (UIH) for a set of Organisation for Economic Co-operation and Development countries.</p><!--/ Abstract__block -->\n<h3>Design/methodology/approach</h3>\n<p>We empirically investigate the nexus between unemployment and labour force participation employing structural vector autoregressive methods for panel data.</p><!--/ Abstract__block -->\n<h3>Findings</h3>\n<p>We find that shocks in unemployment produce long-lasting, negative effects on participation, testifying to a discouraged worker effect.</p><!--/ Abstract__block -->\n<h3>Originality/value</h3>\n<p>Our results do not support the validity of the UIH in high-income economies. This has relevant implications for policy making and macroeconomic models.</p><!--/ Abstract__block -->","PeriodicalId":47915,"journal":{"name":"International Journal of Manpower","volume":null,"pages":null},"PeriodicalIF":4.6000,"publicationDate":"2024-02-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Journal of Manpower","FirstCategoryId":"91","ListUrlMain":"https://doi.org/10.1108/ijm-10-2022-0474","RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"INDUSTRIAL RELATIONS & LABOR","Score":null,"Total":0}
引用次数: 0
Abstract
Purpose
We test the pertinence of the unemployment invariance hypothesis (UIH) for a set of Organisation for Economic Co-operation and Development countries.
Design/methodology/approach
We empirically investigate the nexus between unemployment and labour force participation employing structural vector autoregressive methods for panel data.
Findings
We find that shocks in unemployment produce long-lasting, negative effects on participation, testifying to a discouraged worker effect.
Originality/value
Our results do not support the validity of the UIH in high-income economies. This has relevant implications for policy making and macroeconomic models.
期刊介绍：
■Employee welfare ■Human aspects during the introduction of technology ■Human resource recruitment, retention and development ■National and international aspects of HR planning ■Objectives of human resource planning and forecasting requirements ■The working environment
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