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Title: Analyzing Unemployment, Education-Occupation Mismatch, and Immigrant’s Participation in the US Labor Market
Citation Type: Dissertation/Thesis
Publication Year: 2019
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Abstract: Analyzing the factors that determine any labor market’s outcomes is important. That is because the results of these analyses can help policy makers to adopt effective labor market policies, and thus achieve the best outcomes of that labor market. In this study, I analyze three important factors: unemployment, education-occupation mismatch, and immigrants’ participation in the US labor market. First, I analyze the problem of slow decline in the rate of U.S. unemployment after the last recessions. In this chapter, I examine whether the slow movement in U.S. unemployment is due to cyclical or structural factors. I contribute to the literature by using a FAVAR approach to investigate the relative contribution of cyclical and structural factors in U.S. unemployment. The results show that the cyclical factors (GDP growth and vacancy) can explain about 60% of the forecast error variance of unemployment. The structural factors can explain about 16%. About 20% of unemployment is not explained through these results; this percentage of unemployment could be due to the increase in frictional unemployment. These results, in general, indicate that cyclical factors have more contribution than structural factors in the movement of the U.S. unemployment, which is in line with the literature. However, the results indicate that the FAVAR approach can provide better results by reducing the estimation bias...
Url: https://scholarworks.wmich.edu/cgi/viewcontent.cgi?article=4416&context=dissertations
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Authors: Arooq, Riyadh Naeem Arooq
Institution: Western Michigan University
Department: Economics
Advisor: Dr. Wei-Chiao Huang
Degree: Ph.D.
Publisher Location: Michigan
Pages: 1-88
Data Collections: IPUMS USA
Topics: Education, Labor Force and Occupational Structure, Migration and Immigration
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