This paper studies the effect of unemployment benefits on the unemployment and subsequent employment duration using … a two-state mixed proportional hazard model allowing for flexible duration dependence and state specific unobserved … unemployment and subsequent employment duration for the recipients is statistically significant for the short-term unemployed in …

Diamond (1994) that an individual's probability of leaving unemployment decreases with unemployment duration and increases … genuine duration dependence will be stronger the more depressed the labor market. In conflict with this prediction this study … provides persuasive empirical evidence that the pattern of negative genuine duration dependence does not change over the …

and a 37-year history of duration for the S&P 500. We acknowledge that equity duration estimation is an evolving science …Akin to the well-known concept of bond duration, equity duration measures the sensitivity of equities to interest rates …. Although this field of research is relatively new and the concept is rarely used in practice, we believe equity duration is of …

The concept of bond duration was originally introduced by Macaulay (1938) and nowadays is well- established in the … equities. I derive three candidate models for estimating the duration of a stock. The models are vastly different in their …. Furthermore, I investigate the relationship between the equity duration factor and various common equity factors. Empirical …

Equity duration is a measure of discount-rate sensitivity that is driven by both, stock-specific cash-flow timing and … stock-specific discount-rate levels. Established measures of equity duration using market-price information derive their …