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 …

In the past decades several features of U.S. unemployment dynamics have been investigated empirically. The original … focus of research was on the duration of unemployment. In later studies the cyclicality of incidence and duration …, compositional effects and duration dependence of the exit rate out of unemployment have been investigated. Unlike the partial …

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 …