uu.seUppsala University Publications
Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
Explaining Unemployment Rates Across Countries: Interactions between a shock and institutions
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Economics.
2018 (English)Independent thesis Advanced level (degree of Master (Two Years)), 20 credits / 30 HE creditsStudent thesis
Abstract [en]

The unemployment rate differs considerably among countries, particularly within Europe. A large variance in its evolution across countries has emerged since the 60s, which has been subject to numerous studies. These have formulated primarily two explanations: one that relies on different shocks and one that relies on common shocks but different institutions. Blanchard and Wolfers (2000) tested the second hypothesis on a panel of OECD countries between 1960 and 2000, and Bertola (2016) extended the panel up to 2014. This paper proceeds along the same line, and assesses the importance of the interaction between real interest rate shocks and different institutions. The results indicate that our model produces a good description of the different evolution of unemployment across countries and over time. We also find some evidence for the differential impact of interest rates shocks interacted with union density, tax wedge or collective bargaining variables. However, the estimates are sensitive to the inclusion of interaction terms and, more generally, to the exact specification of the model. Therefore, the results of this study should be taken with caution. 

Place, publisher, year, edition, pages
2018.
Keywords [en]
Unemployment rate across countries, Real interest rate, Labour market rigidities, Interactions between shocks and institutions
National Category
Economics
Identifiers
URN: urn:nbn:se:uu:diva-356939OAI: oai:DiVA.org:uu-356939DiVA, id: diva2:1237518
Supervisors
Examiners
Available from: 2018-08-09 Created: 2018-08-09 Last updated: 2018-08-09Bibliographically approved

Open Access in DiVA

No full text in DiVA

By organisation
Department of Economics
Economics

Search outside of DiVA

GoogleGoogle Scholar

urn-nbn

Altmetric score

urn-nbn
Total: 11 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf