Arbeitspapier

Forecasting employment in Europe: Are survey results helpful?

In this paper we evaluate the forecasting performance of employmentexpectations for employment growth in 15 European states. Our data coverthe period from the first quarter 1998 to the fourth quarter 2012. With in-sampleanalyses and pseudo out-of-sample exercises, we find that for most of the Europeanstates considered, the survey-based indicator model outperforms commonbenchmark models. It is therefore a powerful tool for generating more accurateemployment forecasts. We observe the best results for one quarter ahead predictionsthat are primarily the aim of the survey question. However, employmentexpectations also work well for longer forecast horizons in some countries.

Sprache
Englisch

Erschienen in
Series: ifo Working Paper ; No. 182

Klassifikation
Wirtschaft
Macroeconomics: Consumption, Saving, Production, Employment, and Investment: Forecasting and Simulation: Models and Applications
Labor and Demographic Economics: General
Particular Labor Markets: Other
Thema
Employment forecasting
European business survey
employment expectations
Granger causality

Ereignis
Geistige Schöpfung
(wer)
Lehmann, Robert
Weyh, Antje
Ereignis
Veröffentlichung
(wer)
ifo Institute - Leibniz Institute for Economic Research at the University of Munich
(wo)
Munich
(wann)
2014

Handle
Letzte Aktualisierung
10.03.2025, 11:43 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Lehmann, Robert
  • Weyh, Antje
  • ifo Institute - Leibniz Institute for Economic Research at the University of Munich

Entstanden

  • 2014

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