We derive transition probability matrices for chronic health conditions using survey prevalence data. Matrices are constructed for successive age groups and the sequence represents the "age dynamics" of the health conditions for a stationary population - the probabilities of acquiring the...

A sequence of real numbers (xn) is Benford if the significands, i.e. the fractionparts in the floating-point representation of (xn), are distributed logarithmically.Similarly, a discrete-time irreducible and aperiodic finite-state Markov chain withprobability transition matrix P and limiting...

We value rating-triggered step-up bonds with three methods: (i) the Jarrow, Lando andTurnbull (1997, JLT) framework, (ii) a similar framework using historical probabilities and(iii) as plain vanilla bonds. We find that the market seems to value single step-up bondsaccording to the JLT model,...

This paper presents information on labour market mobility in 23 EU countries, using Eurostat's Labour Force Survey (LFS) data over the period 1998-2008. More specifically, it discusses alternative measures of labour market churning; including the ease with which individuals can move between...

Background: Surveys of chronic health conditions provide information about prevalence but not about the incidence and the process of change within the population. Objective: We show how the "age dynamics" of chronic conditions - the probabilities of contracting the conditions at different ages,...

We model annual low pay transition probabilities taking account of three potentially endogenous selections: two sample drop-out mechanisms (panel attrition, non-employment) and "initial conditions" (base-year low pay status). This model, and variants that ignore one or more of these selection...

We study individual job-separations and their associated destination states for all individuals in the private sector in Denmark for the period 1980 to 1995 and account for the cyclical flows. We find that individual and workplace characteristics as well as business cycle effects are important...

Post-communist labor markets provide an interesting laboratory since unemployment rates grew from zero to double digits and gender differences began to vary greatly across these countries. We provide the first systematic analysis of the determinants of the gender unemployment gap in the Czech...

The COVID-19 pandemic raised the share of inactive individuals in 2020 in Italy, mostly at the expense of permanent and fix-term employment. We document sizable asymmetric effects across categories of individuals, defined on the basis of gender, age and geographical area. In particular, the...