INTERNATIONAL LABOUR FORCE PARTICIPATION RATES BY GENDER: UNIT ROOT OR STRUCTURAL BREAKS?

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ÖZDEMİR Z. A., Balcilar M., TANSEL A.

BULLETIN OF ECONOMIC RESEARCH, cilt.65, 2013 (SSCI) identifier identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 65
  • Basım Tarihi: 2013
  • Doi Numarası: 10.1111/j.1467-8586.2011.00419.x
  • Dergi Adı: BULLETIN OF ECONOMIC RESEARCH
  • Derginin Tarandığı İndeksler: Social Sciences Citation Index (SSCI), Scopus
  • Anahtar Kelimeler: fractional integration, gender, labour force participation rates, structural breaks, C22, E24, J16, J21, MACROECONOMIC TIME-SERIES, MULTIPLE TREND BREAKS, SPURIOUS LONG-MEMORY, OIL-PRICE SHOCK, FRACTIONAL-INTEGRATION, NONSTATIONARY HYPOTHESES, EFFICIENT TESTS, GREAT CRASH, MODELS, US
  • Orta Doğu Teknik Üniversitesi Adresli: Evet

Özet

This paper examines the possibility of unit roots in the presence of endogenously determined multiple structural breaks in the total, female and male labour force participation rates (LFPR) for Australia, Canada and the USA. We extend the procedure of Gil-Alana for a single structural break to the case of multiple structural breaks at endogenously determined dates using the principles suggested by Bai and Perron. We use the Robinson LM test to determine the fractional order of integration. We find that endogenously determined structural breaks render the total, female and male LFPR series stationary or at best mean-reverting.