Even a casual library search clearly indicates that empirical growth studies comprise a significant, and growing, area of interest within the academic literature. In many respects, this strand of literature has been successful in identifying the basic nature of the growth process. By contrast,...

This article uses a sample of young renters from the Panel Study of Income Dynamics and a continuous-time econometric model to explore not only the initial tenure transition to first-time homeownership, but also subsequent possible tenure transitions to a second owned home, back to rental tenure...

In this study we investigate migration's effect on labor market transitions. Specifically, we explore transition rates out of unemployment (to employment) and from nonparticipation to active job search. To facilitate this, a multi-state model of the hazard rate is developed and subsequently...

This paper investigates the likelihood and timing of housing tenure choice dynamics including both the initial transition to homeownership, and possible transitions back to rental tenure and to an additional owned home. This is done across the German Socio-Economic Panel (GSOEP) and the Panel...

A common outcome among Central European transition economies is the significant variation in regional unemployment rates, a condition symptomatic of allocative inefficiency in the labor market. Several studies attribute such variation, at least in part, to large vertically integrated industrial...