TY - JOUR
T1 - The accumulation of human capital and the sectoral shifts hypothesis for different age groups
AU - Sakata, Kei
AU - McKenzie, Colin
N1 - Funding Information:
The authors would like to thank Michael McAleer, Les Oxley and Adrian Pagan for their helpful comments on an earlier version of the paper. The second author wishes to acknowledge the financial support of the Japanese Ministry of Education’s Science Research Grant No. 12630099. An earlier version of this paper was presented at MODSIM 2001—International Congress on Modelling and Simulation, Australian National University, December 2001.
PY - 2004/2/11
Y1 - 2004/2/11
N2 - This paper examine Lilien's sectoral shifts hypothesis for Japan for different age cohorts. Previous studies of the sectoral shifts hypothesis for Japan have for the most part concentrated on the relationship between aggregate unemployment and sectoral shifts, and are typically not supportive of the hypothesis. However, recent increases in the unemployment rates of the young and the aged suggest a need to reexamine the hypothesis for different age groups. It is found that sectoral shifts have a short-term positive effect on the unemployment of aged male workers, and that the effects increase in times of recession.
AB - This paper examine Lilien's sectoral shifts hypothesis for Japan for different age cohorts. Previous studies of the sectoral shifts hypothesis for Japan have for the most part concentrated on the relationship between aggregate unemployment and sectoral shifts, and are typically not supportive of the hypothesis. However, recent increases in the unemployment rates of the young and the aged suggest a need to reexamine the hypothesis for different age groups. It is found that sectoral shifts have a short-term positive effect on the unemployment of aged male workers, and that the effects increase in times of recession.
KW - Age cohort effects
KW - Generated regressors
KW - Sectoral shifts hypothesis
KW - Time series analysis
KW - Unemployment
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U2 - 10.1016/S0378-4754(03)00111-3
DO - 10.1016/S0378-4754(03)00111-3
M3 - Conference article
AN - SCOPUS:0942277637
SN - 0378-4754
VL - 64
SP - 459
EP - 465
JO - Mathematics and Computers in Simulation
JF - Mathematics and Computers in Simulation
IS - 3-4
T2 - MSSANZ IMACS 14th Biennial Conference on Modelling and Simulations
Y2 - 1 December 2001 through 1 December 2001
ER -
