, when a Brownian motion with drift hits a barrier. This implies that the duration of each worker's jobless spells has an … prove that the distribution of these parameters is identified from the duration of two spells. We use social security data … for Austrian workers to estimate the model. We conclude that dynamic selection is a critical source of duration dependence …

, when a Brownian motion with drift hits a barrier. This implies that the duration of each worker's jobless spells has an … prove that the distribution of these parameters is identified from the duration of two spells. We use social security data … for Austrian workers to estimate the model. We conclude that dynamic selection is a critical source of duration dependence …

unemployment, a constant tax during employment that does not depend on the duration of the spell, and free access to savings using … insurance against the uncertain duration of unemployment spells"--National Bureau of Economic Research web site …