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文章基本信息

  • 标题:Asymmetry and Lilien’s Sectoral Shifts Hypothesis: A Quantile Regression Approach
  • 作者:Panagiotidis, Theodore ; Pelloni, Gianluigi
  • 期刊名称:Review of Economic Analysis
  • 印刷版ISSN:1973-3909
  • 出版年度:2014
  • 卷号:6
  • 期号:1
  • 页码:68-86
  • 出版社:Rimini Centre for Economic Analysis
  • 摘要:This study revisits Lilien’s sectoral shifts hypothesis for the US. We employ quantile regression estimation in order to investigate the asymmetric nature of the relationship between sectoral employment and unemployment. Significant asymmetries emerge. Lilien’s dispersion index is significant only for relatively high levels of unemployment and becomes insignificant for lower levels suggesting that reallocation affects unemployment only when the latter is relative high. More job reallocation is associated with higher unemployment
  • 关键词:Unemployment; Employment Reallocation; Sectoral Shifts; Aggregate Shocks; Conditional Quantile Regression Model; Bootstrapping
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