Elsby, Michael W. L.; Hobijn, Bart; Şahin, Ayşegül - In: The Review of Economics and Statistics 95 (2013) 2, pp. 530-548
We provide a set of comparable estimates for the rates of inflow to and outflow from unemployment using publicly … available data for fourteen OECD economies. Using a novel decomposition that allows for deviations of unemployment from its flow … steady state, we find that fluctuations in both inflow and outflow rates contribute substantially to unemployment variation …