. This model yields a simple relationshipbetween (i) the unemployment rate, (ii) the value of non-market time, and (iii … andallow for measurement error. The estimated wage dispersion and mismatch for theUS is consistent with an unemployment rate of …

transition probabilities between the labor market states of employment, unemployment and out-of-the labor force under Markovian … in unemployment rates of these groups. Second, we present estimates of gender-specific multinomial logit models to … have higher unemployment rates than urban men because they have lower probability of exiting unemployment for a job and …