Asymmetries in the Cyclical Behaviour of UK Labour Markets
Bibliographic Data
| ID | 9715658 |
|---|---|
| Authors | Daron Acemoglu (0000-0003-0908-7491, Massachusetts Institute of Technology), Andrew Scott (0000-0002-7785-1263, London School of Economics and Political Science) |
| Year | 1994 |
| Volume | 104 |
| Issue | 427 |
| Pages | 1303 |
| Publication date | 1994-11-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.2307/2235450 |
| OpenAlex | W2057686225 |
| Language | EN |
| Citations received | 5 |
| References cited | 10 |
This paper examines the connection between the business cycle, non-linearities and asymmetries in the UK labour market. The economy is shown to display cyclical asymmetries; stochastic properties of variables such as employment, unemployment, real wages and the unemployment-vacancy ratio crucially depend upon the state of the business cycle. We show that in most cases conditioning on the state of the cycle removes residual non-linearities and is more successful than the linear and a number of non-linear time-series models. The robustness of our findings is confirmed using a variety of diagnostics and alternative measures of the cycle
Business cycle · Econometrics · Economics · Labour economics · Macroeconomics · Residual · Robustness (evolution · Unemployment · Economic theories and models · Economic Theory and Policy · Mathematics · Monetary Policy and Economic Impact
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| Unique citing works | 5 |
|---|---|
| Citations per year | 0,2 |
| Citation span | 2001 - 2013 (13) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 4 |