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Testing for Asymmetry in British, German and US Unemployment Data

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Author Info
Kohns, Stephan () (University of Bonn and IZA, Bonn)
Abstract

Not only the level of aggregate unemployment but also the properties of its dynamics are an important topic in macroeconomics and labor economics. Several models like e.g. matching models with endogenous job destruction explicitly predict an asymmetric pattern in the evolution of unemployment, whereas linear models with Gaussian innovations preclude such dynamics. This paper applies several tests for asymmetry to aggregate British, German and US unemployment data to assess the relevance of asymmetries and compare the testing procedures. The results indicate that unemployment increases more quickly than it decreases, which is consistent with the pattern implied by matching models with endogenous job destruction.

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Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 341.

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Length: 34 pages
Date of creation: Aug 2001
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Handle: RePEc:iza:izadps:dp341

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Related research
Keywords: Asymmetries; unemployment dynamics; matching model;

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Find related papers by JEL classification:
E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General
J64 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies - - - Unemployment: Models, Duration, Incidence, and Job Search

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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