Darby, Julia; Hart, Robert A; Vecchi, Michaela - Department of Economics, Adam Smith Business School - 1998
Using OECD data from 1970 until 1995, we estimate systems of labour force participation equations, disaggregated by age and sex, for the United States, Japan, France and Sweden. We simulate the path of participation rates following shocks to GDP and also test for asymmetric responses to shocks...