Abbring, J.H.

van den Berg, G.J.

English

In the past decades several features of U.S. unemployment dynamics have been investigated empirically. The original focus of research was onthe duration of unemployment. In later studies the cyclicality of incidence and duration, compositional effects and duration dependence of the exitrate out of unemployment have been investigated. Unlike the partial approach of previous studies this paper takes all elements of unemployment dynamics simultaneously into account. We find that cyclical fluctuations in unemployment are driven by variations in the incidence, individual exit probabilities and the composition of the inflow into unemployment. We also find negative duration dependence of the unemployment exit rate which can be attributed to employers ranking workers according to the length of their unemployment spell

VU Research Portal

Business cycles and compositional variation in U.S. unemployment

https://research.vu.nl/ws/files/74102031/19970020

Business cycles and compositional variation in U.S. unemployment

Abstract

Similar works

Full text

Available Versions

VU Research Portal