IDEAS home Printed from https://ideas.repec.org/p/hal/wpaper/hal-04114330.html

The Labor Force Participation Rate in the Context of ESG Models at World Level

Author

Listed:
  • Angelo Leogrande

    (LUM - Università LUM Giuseppe Degennaro = University Giuseppe Degennaro)

  • Alberto Costantiello

    (LUM - Università LUM Giuseppe Degennaro = University Giuseppe Degennaro)

Abstract

In this article we analyze the impact of Labor Force Partecipation Rate-LFPR in the context of the Environmental, Social and Governance-ESG model at world level. We use data from the ESG dataset of the World Bank for the period 2011-2020. We use Panel Data with Fixed Effects, Panel Data with Random Effects, Pooled OLS, Dynamic Panel. We find that the level of LFPR is positively associated among others to "Ratio of Female to Male Labor Force Participation Rate" and "Life Expectancy at Birth", and negatively associated among others, to "Unemployment" and "Agricultural Land". Furthermore, we have applied a clusterization with the k-Means algorithm optimized with the Silhouette coefficient, and we found the presence of three clusters. Finally, we confront eight different machine learning algorithms to predict the value of LFPR. We find that the best predictor is the Linear Regression. Linear Regression predicts an increase in LFPR equal to 0.42% on average for the analyzed countries.

Suggested Citation

  • Angelo Leogrande & Alberto Costantiello, 2023. "The Labor Force Participation Rate in the Context of ESG Models at World Level," Working Papers hal-04114330, HAL.
    • Handle: RePEc:hal:wpaper:hal-04114330
    Note: View the original document on HAL open archive server: https://hal.science/hal-04114330v1
    as

    Download full text from publisher

    File URL: https://hal.science/hal-04114330v1/document
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Souvik Banerjee & Pinka Chatterji & Kajal Lahiri, 2017. "Effects of Psychiatric Disorders on Labor Market Outcomes: A Latent Variable Approach Using Multiple Clinical Indicators," Health Economics, John Wiley & Sons, Ltd., vol. 26(2), pages 184-205, February.
    2. Farzana Afridi & Taryn Dinkelman & Kanika Mahajan, 2018. "Why are fewer married women joining the work force in rural India? A decomposition analysis over two decades," Journal of Population Economics, Springer;European Society for Population Economics, vol. 31(3), pages 783-818, July.
    3. Azizi, SeyedSoroosh, 2018. "The impacts of workers' remittances on human capital and labor supply in developing countries," Economic Modelling, Elsevier, vol. 75(C), pages 377-396.
    4. Costantiello, Alberto & Leogrande, Angelo, 2023. "The Determinants of CO2 Emissions in the Context of ESG Models at World Level," MPRA Paper 117110, University Library of Munich, Germany.
    5. Richard J. Cebula & Gigi M. Alexander, 2017. "Female Labor Force Participation and Voter Turnout: Evidence from the American Presidential Elections," Review of Economics and Institutions, Università di Perugia, vol. 8(2).
    6. Costantiello, Alberto & Leogrande, Angelo, 2023. "The Regulatory Quality and ESG Model at World Level," MPRA Paper 116663, University Library of Munich, Germany.
    7. Tomaz Cajner & Tyler Radler & David Ratner & Ivan Vidangos, 2017. "Racial Gaps in Labor Market Outcomes in the Last Four Decades and over the Business Cycle," Finance and Economics Discussion Series 2017-071, Board of Governors of the Federal Reserve System (U.S.).
    8. Nzinga H. Broussard, 2017. "Immigration and the Labor Market Outcomes of Natives in Developing Countries: A Case Study of South Africa," Economic Development and Cultural Change, University of Chicago Press, vol. 65(3), pages 389-424.
    9. Mary Borrowman & Stephan Klasen, 2020. "Drivers of Gendered Sectoral and Occupational Segregation in Developing Countries," Feminist Economics, Taylor & Francis Journals, vol. 26(2), pages 62-94, April.
    10. Ribes-Giner, G. & Moya-Clemente, I. & Cervelló-Royo, R. & Perello-Marin, M.R., 2018. "Domestic economic and social conditions empowering female entrepreneurship," Journal of Business Research, Elsevier, vol. 89(C), pages 182-189.
    11. repec:diw:diwwpp:dp1747 is not listed on IDEAS
    12. Martínez A., Claudia & Perticará, Marcela, 2017. "Childcare effects on maternal employment: Evidence from Chile," Journal of Development Economics, Elsevier, vol. 126(C), pages 127-137.
    13. Burda Michael C. & Seele Stefanie, 2020. "Reevaluating the German labor market miracle," German Economic Review, De Gruyter, vol. 21(2), pages 139-179, June.
    14. Jeremy Greenwood & Nezih Guner & Karen A. Kopecky, 2022. "Did Substance Abuse during the Pandemic Reduce Labor Force Participation?," Policy Hub, Federal Reserve Bank of Atlanta, vol. 2022(5), May.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Angelo Leogrande & Domenico Leogrande & Alberto Costantiello, 2023. "The Role of Unemployment in the ESG Model at World Level," Working Papers hal-04154793, HAL.
    2. repec:osf:socarx:z2ums_v1 is not listed on IDEAS
    3. Leogrande, Angelo & Leogrande, Domenico & Costantiello, Alberto, 2023. "The Impact of Patent Applications in the Context of the ESG Model at World Level," EconStor Preprints 273495, ZBW - Leibniz Information Centre for Economics.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. repec:osf:socarx:ra5ux_v1 is not listed on IDEAS
    2. Esha Chatterjee & Reeve D. Vanneman, 2022. "Women's Low Employment Rates in India: Cultural and Structural Explanations," Population and Development Review, The Population Council, Inc., vol. 48(2), pages 445-474, June.
    3. Costantiello, Alberto & Leogrande, Angelo, 2023. "The Role Of Gdp Growth In The Esg Approach At World Level," SocArXiv r56hu, Center for Open Science.
    4. repec:osf:socarx:r56hu_v1 is not listed on IDEAS
    5. Garcia-Fuentes, Pablo A. & Kennedy, P. Lynn & Ferreira, Gustavo F.C., 2025. "Growth effects of remittances in developing countries: A growth accounting approach," Emerging Markets Review, Elsevier, vol. 67(C).
    6. Margaux Suteau, 2020. "Inheritance Rights and Women's Empowerment in the Labor and Marriage Markets," Thema Working Papers 2020-17, THEMA (Théorie Economique, Modélisation et Applications), CY Cergy-Paris University, ESSEC and CNRS.
    7. Ajayi, Kehinde F. & Dao,Aziz & Koussoube,Mousson Estelle Jamel, 2022. "The Effects of Childcare on Women and Children : Evidence from a Randomized Evaluation inBurkina Faso," Policy Research Working Paper Series 10239, The World Bank.
    8. Ma, Yechi & Chen, Zhiguo & Shinwari, Riazullah & Khan, Zeeshan, 2021. "Financialization, globalization, and Dutch disease: Is Dutch disease exist for resources rich countries?," Resources Policy, Elsevier, vol. 72(C).
    9. Taguchi, Hiroyuki & Batool, Bushra, 2024. "Emigrant’s remittances, Dutch Disease and capital accumulation in Pakistan," MPRA Paper 124941, University Library of Munich, Germany.
    10. Bustelo, Monserrat & Flabbi, Luca & Piras, Claudia & Tejada, Mauricio, 2019. "Female Labor Force Participation, Labor Market Dynamic and Growth in LAC," IDB Publications (Working Papers) 9420, Inter-American Development Bank.
    11. Piotr Lewandowski & Katarzyna Lipowska & Iga Magda, 2021. "The Gender Dimension of Occupational Exposure to Contagion in Europe," Feminist Economics, Taylor & Francis Journals, vol. 27(1-2), pages 48-65, April.
    12. Buyi Wang & Richard Frank & Sherry Glied, 2023. "Lasting scars: The impact of depression in early adulthood on subsequent labor market outcomes," Health Economics, John Wiley & Sons, Ltd., vol. 32(12), pages 2694-2708, December.
    13. Barkat, Karim & Mimouni, Karim & Alsamara, Mouyad & Mrabet, Zouhair, 2024. "Achieving the sustainable development goals in developing countries: The role of remittances and the mediating effect of financial inclusion," International Review of Economics & Finance, Elsevier, vol. 95(C).
    14. repec:zib:zbjtwe:v:2:y:2024:i:2:p:64-68 is not listed on IDEAS
    15. Angelo Leogrande & Domenico Leogrande & Alberto Costantiello, 2023. "The Role of Unemployment in the ESG Model at World Level," Working Papers hal-04154793, HAL.
    16. Jorge Luis García, 2025. "Guaranteed Employment in Rural India: Intra-Household Labor and Resource Allocation Consequences," NBER Working Papers 33494, National Bureau of Economic Research, Inc.
    17. Krekel, Christian & Srisuma, Sorawoot, 2024. "Talking Therapy: Impacts of a Nationwide Mental Health Service in England," IZA Discussion Papers 16839, Institute of Labor Economics (IZA).
    18. Valentina VASILE & Daniel ŞTEFAN & Călin-Adrian COMES & Elena BUNDUCHI & Anamari-Beatrice ŞTEFAN, 2020. "FDI or Remittances for Sustainable External Financial Inflows. Theoretical Delimitations and Practical Evidence using Granger Causality," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(4), pages 131-153, December.
    19. Arian Tahiri & Faruk Ahmeti & Burim Prenaj, 2023. "The Effect of International Migrant Remittances on Employment Patterns: Evidence from Kosovo," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 126-142.
    20. Balhasan Ali & Preeti Dhillon & Sivakami Muthusamy & Udaya Shankar Mishra, 2023. "Understanding Female Labour Force Participation and Domestic Work in India: The Role of Co-residence and Household Composition," Journal of Development Policy and Practice, , vol. 8(2), pages 162-193, July.
    21. Costantiello, Alberto & Leogrande, Angelo, 2023. "The Role of Political Stability in the Context of ESG Models at World Level," MPRA Paper 116887, University Library of Munich, Germany.
    22. Tanu Gupta, 2022. "Women's inheritance rights and time use: Evidence from Hindu Succession Act in India," WIDER Working Paper Series wp-2022-20, World Institute for Development Economic Research (UNU-WIDER).
    23. Asier Baquero, 2022. "Net Promoter Score (NPS) and Customer Satisfaction: Relationship and Efficient Management," Sustainability, MDPI, vol. 14(4), pages 1-19, February.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • D7 - Microeconomics - - Analysis of Collective Decision-Making
    • D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • D73 - Microeconomics - - Analysis of Collective Decision-Making - - - Bureaucracy; Administrative Processes in Public Organizations; Corruption
    • D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:wpaper:hal-04114330. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.