This paper studies the relationship between the change in the unemployment rate and output growth using an approach … recessions. The framework also highlights the potential misspecification in conventional models of Okun's Law unless stringent …

becoming juniormedical specialist. To deal with selectivity, we simultaneously model thetransitions from unemployment to … trainee, from unemployment to medicalassistant, from medical asistant to trainee and from medical assistant tounemployment. We …