Article ID Journal Published Year Pages File Type
5062161 Economics Letters 2007 6 Pages PDF
Abstract

In this paper we use OECD unemployment data 1960-2002 to infer the nature of shocks to unemployment using factor analysis. We find that two principal components can account for a large part of the variance of unemployment between and within countries.

Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Global unemployment shocks
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