Heterogeneity and Unemployment Dynamics

Volume: 38, Issue: 3, Pages: 554 - 569
Published: Feb 27, 2019
Abstract
Many previous articles have studied the contribution of inflows and outflows to the cyclical variation in unemployment, but ignored the critical role of unobserved heterogeneity across workers. This article develops new estimates of unemployment inflows and outflows that allow for unobserved heterogeneity as well as direct effects of unemployment duration on unemployment-exit probabilities. With this approach, we can measure the contribution of...
Paper Details
Title
Heterogeneity and Unemployment Dynamics
Published Date
Feb 27, 2019
Volume
38
Issue
3
Pages
554 - 569
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