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We propose a three-step factor-flows simulation-based approach to forecast the duration distribution of unemployment …. Step 1: estimate individual transition hazards across employment, temporary layoff, permanent layoff, quitter, entrant, and … individual duration dependence, factor structure, and an auxiliary forecast of the unemployment rate to simulate a panel of …
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We propose a three-step factor-flows simulation-based approach to forecast the duration distribution of unemployment …. Step 1: estimate individual transition hazards across employment, temporary layoff, permanent layoff, quitter, entrant, and … individual duration dependence, factor structure, and an auxiliary forecast of the unemployment rate to simulate a panel of …
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