Unemployment, cycle and gender

1. Peiró Giménez, Amado
2. Belaire Franch, Jorge
3. Gonzalo Rupérez, María Teresa

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Resumen

This study analyzes the relationship between unemployment and the business cycle in the UK and the US. For both economies, a strong and definite association is found that shows that cyclical shocks extend their effect on unemployment over several quarters. This association is much more intense for male unemployment than for female unemployment, and has lost some strength in the UK in the last few years. Markov switching regime models with two regimes display clear differences between expansions and contractions in both countries.

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