An Econometric Analysis of Individual Unemployment Duration in West Germany:
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 t...
Saved in:
| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Heidelberg
Physica-Verlag HD
1993
|
| Edition: | 1st ed. 1993 |
| Series: | Studies in Contemporary Economics
|
| Subjects: | |
| Online Access: | BTU01 Volltext |
| Summary: | 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 |
| Physical Description: | 1 Online-Ressource (X, 245 p) |
| ISBN: | 9783642502989 |
| DOI: | 10.1007/978-3-642-50298-9 |
Staff View
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| spelling | Wurzel, Eckhard Verfasser aut An Econometric Analysis of Individual Unemployment Duration in West Germany by Eckhard Wurzel 1st ed. 1993 Heidelberg Physica-Verlag HD 1993 1 Online-Ressource (X, 245 p) txt rdacontent c rdamedia cr rdacarrier Studies in Contemporary Economics 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 Population Economics Economic Theory/Quantitative Economics/Mathematical Methods Population Economic theory Theorie (DE-588)4059787-8 gnd rswk-swf Lohnhöhe (DE-588)4233292-8 gnd rswk-swf Arbeitslosenunterstützung (DE-588)4317109-6 gnd rswk-swf Ökonometrisches Modell (DE-588)4043212-9 gnd rswk-swf Arbeitslosigkeit (DE-588)4002730-2 gnd rswk-swf Dauer (DE-588)4219411-8 gnd rswk-swf Deutschland (DE-588)4011882-4 gnd rswk-swf Deutschland Bundesrepublik (DE-588)4011889-7 gnd rswk-swf (DE-588)4113937-9 Hochschulschrift gnd-content Deutschland (DE-588)4011882-4 g Arbeitslosigkeit (DE-588)4002730-2 s Dauer (DE-588)4219411-8 s Lohnhöhe (DE-588)4233292-8 s Arbeitslosenunterstützung (DE-588)4317109-6 s Ökonometrisches Modell (DE-588)4043212-9 s DE-604 Theorie (DE-588)4059787-8 s Deutschland Bundesrepublik (DE-588)4011889-7 g Erscheint auch als Druck-Ausgabe 9783790806816 Erscheint auch als Druck-Ausgabe 9783642502996 https://doi.org/10.1007/978-3-642-50298-9 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Wurzel, Eckhard An Econometric Analysis of Individual Unemployment Duration in West Germany Population Economics Economic Theory/Quantitative Economics/Mathematical Methods Population Economic theory Theorie (DE-588)4059787-8 gnd Lohnhöhe (DE-588)4233292-8 gnd Arbeitslosenunterstützung (DE-588)4317109-6 gnd Ökonometrisches Modell (DE-588)4043212-9 gnd Arbeitslosigkeit (DE-588)4002730-2 gnd Dauer (DE-588)4219411-8 gnd |
| subject_GND | (DE-588)4059787-8 (DE-588)4233292-8 (DE-588)4317109-6 (DE-588)4043212-9 (DE-588)4002730-2 (DE-588)4219411-8 (DE-588)4011882-4 (DE-588)4011889-7 (DE-588)4113937-9 |
| title | An Econometric Analysis of Individual Unemployment Duration in West Germany |
| title_auth | An Econometric Analysis of Individual Unemployment Duration in West Germany |
| title_exact_search | An Econometric Analysis of Individual Unemployment Duration in West Germany |
| title_exact_search_txtP | An Econometric Analysis of Individual Unemployment Duration in West Germany |
| title_full | An Econometric Analysis of Individual Unemployment Duration in West Germany by Eckhard Wurzel |
| title_fullStr | An Econometric Analysis of Individual Unemployment Duration in West Germany by Eckhard Wurzel |
| title_full_unstemmed | An Econometric Analysis of Individual Unemployment Duration in West Germany by Eckhard Wurzel |
| title_short | An Econometric Analysis of Individual Unemployment Duration in West Germany |
| title_sort | an econometric analysis of individual unemployment duration in west germany |
| topic | Population Economics Economic Theory/Quantitative Economics/Mathematical Methods Population Economic theory Theorie (DE-588)4059787-8 gnd Lohnhöhe (DE-588)4233292-8 gnd Arbeitslosenunterstützung (DE-588)4317109-6 gnd Ökonometrisches Modell (DE-588)4043212-9 gnd Arbeitslosigkeit (DE-588)4002730-2 gnd Dauer (DE-588)4219411-8 gnd |
| topic_facet | Population Economics Economic Theory/Quantitative Economics/Mathematical Methods Population Economic theory Theorie Lohnhöhe Arbeitslosenunterstützung Ökonometrisches Modell Arbeitslosigkeit Dauer Deutschland Deutschland Bundesrepublik Hochschulschrift |
| url | https://doi.org/10.1007/978-3-642-50298-9 |
| work_keys_str_mv | AT wurzeleckhard aneconometricanalysisofindividualunemploymentdurationinwestgermany |