TY - JOUR
T1 - Stock markets and unemployment in industrial countries
AU - Feldmann, Horst
PY - 2011
Y1 - 2011
N2 - Using data on 20 industrial countries for the period 1982 to 2003, this article finds that more active stock markets are likely to lower the unemployment rate. The magnitude of the effect appears to be modest but noticeable. We control for both endogeneity of stock market activity and all major determinants of unemployment. Our results are robust to variations in specification.
AB - Using data on 20 industrial countries for the period 1982 to 2003, this article finds that more active stock markets are likely to lower the unemployment rate. The magnitude of the effect appears to be modest but noticeable. We control for both endogeneity of stock market activity and all major determinants of unemployment. Our results are robust to variations in specification.
UR - http://www.scopus.com/inward/record.url?scp=79957538752&partnerID=8YFLogxK
UR - http://dx.doi.org/10.1080/13504851.2010.503929
U2 - 10.1080/13504851.2010.503929
DO - 10.1080/13504851.2010.503929
M3 - Article
SN - 1350-4851
VL - 18
SP - 845
EP - 849
JO - Applied Economics Letters
JF - Applied Economics Letters
IS - 9
ER -
