TY  - RPRT
        AU  - Ozdemir, Zeynel Abidin
AU  - Balcilar, Mehmet
AU  - Tansel, Aysit
        TI  - Are Labor Force Participation Rates Really Non-Stationary? Evidence from Three OECD Countries
        PY  - 2012/Aug/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 6776
        UR  - https://www.iza.org/publications/dp6776
        AB  - This paper shows that the structural breaks are an important characteristic of the monthly labor force participation rate (LFPR) series of Australia, Canada and the USA. Therefore we allow for endogenously determined multiple structural breaks in the empirical specifications of fractionally integrated ARMA model. The findings indicate that contrary to the previous research the LFPRs of Australia, Canada and the USA are stationary implying that the informational value of the unemployment rates about the behavior of labor markets and the causes of joblessness are useful.
        KW  - structural change
KW  - labor force participation rates
KW  - stationarity
        ER  -