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An Econometric Analysis of Individual Unemployment Duration in West Germany
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An Econometric Analysis of Individual Unemployment Duration in West Germany (Paperback)

£76.50
Usually despatched within 2 weeks.

Synopsis

In contemporary labor economics increasing attention is paid

to the fact that unemployment is not only a stock but also a

flow phenomenon. The present micro-econometric study

analyses the impact of important socio-economic

characteristics on unemployment duration in West Germany.

Based on a search theoretic framework unemployment duration

is considered as a stochastic process whose evolution is

influenced by economicand demographic variables like

unemployment benefits, expected wage offers, training and

age. This is modeled by application of the concept of the

hazard rate which denotes the conditional exit rate from

unemployment over time given elapsed unemployment duration.

Contrasting more traditional models a semi-parametric

approachis chosen which reduces the danger of

mis-specification of the stochastic duration process. This

procedure also is particularly suitable for the analysis of

grouped observations on unemployment duration typically

generated by longitudinal data sets as the German

"Socio-Economic Panel" which is utilized for this study.

Besides deriving a set of empirical results on unemployment

duration in West Germanymethodological issues of duration

analysis are considered with particular attention paid to

the impact of the sample design. Also, important outcomes

from search theory and findings from other hazard rate

analysesare surveyed.

BusinessEconomicsEconometricsBusinessEconomicsLabour economicsEmployment & unemploymentPhilosophy, Psychology & Social SciencesSociologyPopulation & demography Publisher: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Publication Date: 29/04/1993 ISBN-13: 9783790806816  Details: Type: Paperback Format: Books
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