The authors follow firms created in Portuguese manufacturing in 1983 and study the determinants of their lifetime. One fifth of them died during the first year of their lives and only 50 percent survived for four years. Duration and limited-dependent variable models are employed to ascertain the...

Spain faces the highest unemployment rate among the European Union countries (22.2%), and Portugal the lowest (7.3%). However, superficially, these two countries share common labour market features: they both have the most stringent job security rules in the OECD, the architecture of their...

A thorny problem in identifying the determinants of reservation wages and particularly the role of continued joblessness in their evolution is the simultaneity issue. We deploy a natural control function approach to the problem that involves conditioning elapsed duration on completed...

The U.S. labor market has been experiencing unprecedented high average unemployment duration. The shift in the unemployment duration distribution can be traced back to the early nineties. In this paper, censored quantile regression methods are employed to analyze the changes in the US...