An Econometric Analysis of Individual Unemployment Duration in West Germany (Paperback, 1993 ed.)

In contemporary labor economics increasing attention is paid to the fact that unemployment is not only a stock but also a flow phenomenon. The present micro-econometric study analyses the impact of important socio-economic characteristics on unemployment duration in West Germany. Based on a search theoretic framework unemployment duration is considered as a stochastic process whose evolution is influenced by economicand demographic variables like unemployment benefits, expected wage offers, training and age. This is modeled by application of the concept of the hazard rate which denotes the conditional exit rate from unemployment over time given elapsed unemployment duration. Contrasting more traditional models a semi-parametric approachis chosen which reduces the danger of mis-specification of the stochastic duration process. This procedure also is particularly suitable for the analysis of grouped observations on unemployment duration typically generated by longitudinal data sets as the German "Socio-Economic Panel" which is utilized for this study. Besides deriving a set of empirical results on unemployment duration in West Germanymethodological issues of duration analysis are considered with particular attention paid to the impact of the sample design. Also, important outcomes from search theory and findings from other hazard rate analysesare surveyed.

General

Imprint:	Physica-Verlag
Country of origin:	Germany
Series:	Studies in Contemporary Economics
Release date:	June 1993
First published:	1993
Authors:	Eckhard Wurzel
Dimensions:	216 x 140 x 14mm (L x W x T)
Format:	Paperback
Pages:	245
Edition:	1993 ed.
ISBN-13:	978-3-7908-0681-6
Categories:	Books > Social sciences > Sociology, social studies > Population & demography > General Books > Business & Economics > Economics > Labour economics > Employment & unemployment Books > Business & Economics > Economics > Econometrics > General Promotions
LSN:	3-7908-0681-1
Barcode:	9783790806816

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