Employment, unemployment and real economic growth

Details Employment, unemployment and real economic growth Employment, unemployment and real economic growth

2011-07-24

arxiv.org/abs/1109.4399v1

Economy

Quantitative Finance

General Finance

15 pages, 17 figures

Scientific paper

We have modeled the employment/population ratio in the largest developed countries. Our results show that the evolution of the employment rate since 1970 can be predicted with a high accuracy by a linear dependence on the logarithm of real GDP per capita. All empirical relationships estimated in this study need a structural break somewhere between 1975 and 1995. Such breaks might be caused by revisions to monetary policy (e.g. inflation targeting) or/and changes in measurement units. Statistically, the link between measured and predicted rate of employment is characterized by the coefficient of determination from 0.84 (Australia) to 0.95 (Japan). The model residuals are likely to be associated with measurement errors.

Affiliated with

Also associated with

No associations

Rating

Employment, unemployment and real economic growth does not yet have a rating. At this time, there are no reviews or comments for this scientific paper.

If you have personal experience with Employment, unemployment and real economic growth, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Employment, unemployment and real economic growth will most certainly appreciate the feedback.

Rate now

Comments { 0 }

Profile ID: LFWR-SCP-O-76955