Defence Spending and Unemployment in the USA: Disaggregated Analysis by Gender and Age Groups

Author:

Kollias Christos1,Paleologou Suzanna-Maria2,Tzeremes Panayiotis1

Affiliation:

1. Laboratory of Economic Policy and Strategic Planning, Department of Economics, University of Thessaly, Volos, Greece

2. Department of Economics, Aristotle University of Thessaloniki, Thessaloniki, Greece

Abstract

AbstractThe paper examines the effects of military spending using disaggregated unemployment statistics by gender and age group for the period 1948–2017 in the case of the USA. Findings from quantile regression analysis do not seem to point to any robust evidence supporting the thesis that defence spending quashes unemployment levels. This finding appears to be the case across all groups of unemployed persons. In fact, the results suggest a negative effect on unemployment.

Publisher

Walter de Gruyter GmbH

Subject

Management, Monitoring, Policy and Law,Political Science and International Relations,Economics and Econometrics,Sociology and Political Science

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