Employment Reallocation and Unemployment Revisited: A Quantile Regression Approach

Quaderni DSE Working Paper No. 881

29 Pages Posted: 15 May 2013

See all articles by Theodore Panagiotidis

Theodore Panagiotidis

University of Macedonia - Department of Economics

Gianluigi Pelloni

University of Bologna - School of Economics, Management, and Statistics

Date Written: May 14, 2013

Abstract

This study revisits the sectoral shifts hypothesis for the US for the period 1948 to 2011. A quantile regression approach is employed 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 low levels suggesting that reallocation affects unemployment only when the latter is high. More job reallocation is associated with higher unemployment.

Keywords: unemployment, employment reallocation, sectoral shifts, aggregate shocks, conditional quantile regression model, bootstrapping

JEL Classification: C22, C50, E24

Suggested Citation

Panagiotidis, Theodore and Pelloni, Gianluigi, Employment Reallocation and Unemployment Revisited: A Quantile Regression Approach (May 14, 2013). Quaderni DSE Working Paper No. 881, Available at SSRN: https://ssrn.com/abstract=2264897 or http://dx.doi.org/10.2139/ssrn.2264897

Theodore Panagiotidis (Contact Author)

University of Macedonia - Department of Economics ( email )

Thessaloniki, 54006
Greece

Gianluigi Pelloni

University of Bologna - School of Economics, Management, and Statistics ( email )

Piazza Scaravilli 1
40126 Bologna, 47100
Italy

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