Melkersson, Maria; Saarela, Jan - In: Journal of Population Economics 17 (2004) 3, pp. 409-431
We regard individual unemployment duration as an important determinant of individuals’ welfare dependence. Welfare receipt is modelled for a unique data set of 4,655 Finnish unemployed individuals. A two-stage binomial hurdle model is applied, and estimations are made by both ML and GMM....
