Resumen de Unemployment And Labor Force Participation: A Panel Cointegration Analysis For European Countries
This paper investigates the long-run relationship between unemployment and labor force participation andanalyzes the existence of added/discouraged worker effect, which haspotential impact on economic growth and development.Using panel cointegration techniques for a panel of European countries (1983-2009), the empirical results show that this long-term relation exists for only females and there is discouraged worker effect for them.Thus, female unemployment is undercount.
