Jointly Modeling Male and Female Labor Participation and Unemployment

Autor:	David H. Bernstein, Andrew B. Martinez
Jazyk:	angličtina
Rok vydání:	2021
Předmět:	labor force participation unemployment general-to-specific modeling cointegration Economics as a science HB71-74
Zdroj:	Econometrics, Vol 9, Iss 4, p 46 (2021)
Druh dokumentu:	article
ISSN:	2225-1146
DOI:	10.3390/econometrics9040046
Popis:	The COVID-19 pandemic resulted in the most abrupt changes in U.S. labor force participation and unemployment since the Second World War, with different consequences for men and women. This paper models the U.S. labor market to help to interpret the pandemic’s effects. After replicating and extending Emerson’s (2011) model of the labor market, we formulate a joint model of male and female unemployment and labor force participation rates for 1980–2019 and use it to forecast into the pandemic to understand the pandemic’s labor market consequences. Gender-specific differences were particularly large at the pandemic’s outset; lower labor force participation persists.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/e0a393b9a375459d999c5e1a9e8612b3 Zobrazit plný text záznamu View record in DOAJ Plný text ve formátu PDF Plný text ve formátu HTML
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