| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w22188 |
| 来源ID | Working Paper 22188 |
| Decomposing Duration Dependence in a Stopping Time Model | |
| Fernando E. Alvarez; Katarína Borovičková; Robert Shimer | |
| 发表日期 | 2016-04-25 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | We develop a dynamic model of transitions in and out of employment. A worker finds a job at an optimal stopping time, when a Brownian motion with drift hits a barrier. This implies that the duration of each worker's jobless spells has an inverse Gaussian distribution. We allow for arbitrary heterogeneity across workers in the parameters of this distribution and prove that the distribution of these parameters is identified from the duration of two spells. We use social security data for Austrian workers to estimate the model. We conclude that dynamic selection is a critical source of duration dependence. |
| 主题 | Macroeconomics ; Consumption and Investment ; Labor Economics ; Unemployment and Immigration |
| URL | https://www.nber.org/papers/w22188 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/579862 |
| 推荐引用方式 GB/T 7714 | Fernando E. Alvarez,Katarína Borovičková,Robert Shimer. Decomposing Duration Dependence in a Stopping Time Model. 2016. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w22188.pdf（1393KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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