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The accumulation of human capital and the sectoral shifts hypothesis for different age groups

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  • Sakata, Kei
  • McKenzie, Colin

Abstract

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.

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  • Sakata, Kei & McKenzie, Colin, 2004. "The accumulation of human capital and the sectoral shifts hypothesis for different age groups," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 64(3), pages 459-465.
    • Handle: RePEc:eee:matcom:v:64:y:2004:i:3:p:459-465
    DOI: 10.1016/S0378-4754(03)00111-3
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    References listed on IDEAS

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    1. Abraham, Katharine G & Katz, Lawrence F, 1986. "Cyclical Unemployment: Sectoral Shifts or Aggregate Disturbances?," Journal of Political Economy, University of Chicago Press, vol. 94(3), pages 507-522, June.
    2. Mills, Terence C & Pelloni, Gianluigi & Zervoyianni, Athina, 1995. "Unemployment Fluctuations in the United States: Further Tests of the Sectoral-Shifts Hypothesis," The Review of Economics and Statistics, MIT Press, vol. 77(2), pages 294-304, May.
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    7. Lilien, David M, 1982. "Sectoral Shifts and Cyclical Unemployment," Journal of Political Economy, University of Chicago Press, vol. 90(4), pages 777-793, August.
    8. Newey, Whitney & West, Kenneth, 2014. "A simple, positive semi-definite, heteroscedasticity and autocorrelation consistent covariance matrix," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 33(1), pages 125-132.
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    Cited by:

    1. Nicolas Fleury & Fabrice Gilles, 2012. "MOBILITES INTERGENERATIONNELLES DE CAPITAL HUMAIN ET RESTRUCTURATIONS INDUSTRIELLES. UNE EVALUATION POUR LE CAS DE LA France, 1946-1999," Working Papers hal-00988949, HAL.

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