Unemployment Duration Competing and Defective Risks
This paper examines the determinants of unemployment duration in a competing risks framework with two destination states: inactivity and employment. The innovation is the recognition of defective risks. A polynomial hazard function is used to differentiate between two possible sources of infinite durations. The first is produced by a random process of unlucky draws, the second by workers rejecting a destination state. The evidence favors the mover-stayer model over the search model. Refinement of the former approach, using a more flexible baseline hazard function, produces a robust and more convincing explanation for positive and zero transition rates out of unemployment.
Year of publication: |
2003
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Authors: | Addison, John T. ; Portugal, Pedro |
Published in: |
Journal of Human Resources. - University of Wisconsin Press. - Vol. 38.2003, 1
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Publisher: |
University of Wisconsin Press |
Saved in:
Online Resource
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