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Asymmetry and Lilien\x92s Sectoral Shifts Hypothesis: A Quantile Regression Approach

Panagiotidis, Theodore and Pelloni, Gianluigi (2014) Asymmetry and Lilien\x92s Sectoral Shifts Hypothesis: A Quantile Regression Approach. Review of Economic Analysis, 6 (1). pp. 68-86.

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Abstract

This study revisits Lilien\x92s 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\x92s 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

Item Type: Article
Uncontrolled Keywords: Unemployment; Employment Reallocation; Sectoral Shifts; Aggregate Shocks; Conditional Quantile Regression Model; Bootstrapping
Depositing User: Admin Admin
Date Deposited: 13 Oct 2015 17:54
Last Modified: 13 Oct 2015 17:54
URI: http://eprints.lib.uom.gr/id/eprint/499

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