| 期刊全稱 | An Econometric Analysis of Individual Unemployment Duration in West Germany | | 影響因子2023 | Eckhard Wurzel | | 視頻video | http://file.papertrans.cn/155/154911/154911.mp4 | | 學(xué)科分類 | Studies in Contemporary Economics | | 圖書封面 |  | | 影響因子 | In contemporary labor economics increasing attention is paidto the factthat unemployment is not only a stock but also aflow phenomenon. The present micro-econometric studyanalyses the impact of importantsocio-economiccharacteristics on unemployment duration in West Germany.Based on a search theoretic framework unemployment durationis considered as a stochastic process whose evolution isinfluenced by economicand demographic variables likeunemployment benefits, expected wage offers, training andage. This is modeled by application of the concept ofthehazard rate which denotes the conditional exit rate fromunemployment over time given elapsed unemploymentduration.Contrasting more traditional models a semi-parametricapproachis chosen which reduces the danger ofmis-specification of the stochastic duration process. Thisprocedure also is particularly suitable for theanalysis ofgrouped observations on unemployment duration typicallygenerated by longitudinal data sets as theGerman"Socio-Economic Panel" which is utilized for this study.Besides deriving a set of empirical results on unemploymentduration in West Germanymethodological issues of durationanalysis are considered with particular att | | Pindex | Book 1993 |
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