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Employment participation, unemployment and non market work: Composition models of the United States labour force

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dc.contributor.author Jackson, L Fraser
dc.contributor.author Khaled, Mohammed S
dc.date.accessioned 2018-01-22T23:09:17Z
dc.date.accessioned 2022-07-11T21:38:33Z
dc.date.available 2018-01-22T23:09:17Z
dc.date.available 2022-07-11T21:38:33Z
dc.date.copyright 2018
dc.date.issued 2018
dc.identifier.uri https://ir.wgtn.ac.nz/handle/123456789/20312
dc.description.abstract Data on the proportions in each of the labour force status categories sum to one and form a composition. Using the log ratios of the parts and a transform to orthogonal coordinates in a lower dimension provides a consistent way of handling this constraint. This paper emphasizes that a composition is a vector of values not a single number and shows a coordinate for employment participation is directly associated with a coordinate defining the level of search by those without jobs.The model is extended to deal with heterogeneity due to gender and current status and to generate a new analysis of the gross flows data. The associations observed provide evidence that micro decisions can be strongly modified by the macro situation and a Keynesian demand driven framework fits very well. en_NZ
dc.format pdf en_NZ
dc.language.iso en_NZ
dc.publisher Te Herenga Waka—Victoria University of Wellington en_NZ
dc.relation.ispartofseries SEF Working paper ; 01/2018 en_NZ
dc.subject Composition models en_NZ
dc.subject Unemployment en_NZ
dc.subject Gross flows data en_NZ
dc.subject Labor force status en_NZ
dc.subject Labour force status en_NZ
dc.subject US labor force en_NZ
dc.subject U.S labour force en_NZ
dc.subject Log ratio models en_NZ
dc.subject Rationing en_NZ
dc.title Employment participation, unemployment and non market work: Composition models of the United States labour force en_NZ
dc.type Text en_NZ
vuwschema.contributor.unit School of Economics and Finance en_NZ
vuwschema.subject.anzsrcfor 140211 Labour Economics en_NZ
vuwschema.subject.marsden U.S labour force en_NZ
vuwschema.type.vuw Working or Occasional Paper en_NZ
vuwschema.subject.anzsrcforV2 380111 Labour economics en_NZ
dc.rights.rightsholder http://www.victoria.ac.nz/sef/research/sef-working-papers en_NZ

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