Elsby, Michael; Hobijn, Bart; Sahin, Aysegül - Federal Reserve Bank of San Francisco - 2009
We provide a set of comparable estimates for the rates of inflow to and outflow from unemployment for 14 OECD economies … using publicly available data. We then devise a method to decompose changes in unemployment into contributions accounted for … by changes in inflow and outflow rates for cases where unemployment deviates from its flow steady state, as it does in …