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    Global unemployment shocks

    Smith, Ron P. and Zoega, Gylfi (2007) Global unemployment shocks. Economics Letters 94 (3), pp. 433-438. ISSN 0165-1765.

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    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.


    Item Type: Article
    School: Birkbeck Faculties and Schools > Faculty of Business and Law > Birkbeck Business School
    Depositing User: Sarah Hall
    Date Deposited: 10 Nov 2020 21:43
    Last Modified: 02 Aug 2023 18:05


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