| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1214 |
| DP1214 Multilateral Trade Rules and the Expected Cost of Protection | |
| Joseph Francois; Will Martin | |
| 发表日期 | 1995-07-31 |
| 出版年 | 1995 |
| 语种 | 英语 |
| 摘要 | This paper examines the relation between individual unemployment durations and incidence on the one hand, and the time-varying macroeconomic conditions in the economy on the other. We allow for calendar time effects acting on the exit probabilities for all currently unemployed. We also allow for the composition of the inflow into unemployment to depend on calendar time at the moment of inflow. In both cases we distinguish between business cycle effects and seasonal effects. We apply the model to aggregate unemployment duration data, in which we allow for unobserved heterogeneity and correlated measurement errors. We do not make parametric assumptions on the genuine duration dependence pattern or the unobserved heterogeneity distribution. The results enable us to give a complete decomposition of the dynamics of unemployment over calendar time. This is also used to test the popular ranking model of unemployment. |
| 关键词 | Business cycle Duration dependence Seasonality Unemployment Unemployment duration |
| URL | https://cepr.org/publications/dp1214 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530351 |
| 推荐引用方式 GB/T 7714 | Joseph Francois,Will Martin. DP1214 Multilateral Trade Rules and the Expected Cost of Protection. 1995. |
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