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An Econometric Analysis of Individual Unemployment Duration in West Germany

  • Eckhard Wurzel
Book

Part of the Studies in Contemporary Economics book series (CONTEMPORARY)

Table of contents

  1. Front Matter
    Pages I-X
  2. Eckhard Wurzel
    Pages 1-5
  3. Eckhard Wurzel
    Pages 6-30
  4. Eckhard Wurzel
    Pages 31-69
  5. Eckhard Wurzel
    Pages 108-172
  6. Eckhard Wurzel
    Pages 173-210
  7. Back Matter
    Pages 219-245

About this book

Introduction

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.

Keywords

Arbeitsökonomie Employment Import econometrics economics labor economics stochastic processes unemployment Ökonom Ökonometrie Ökonomie

Authors and affiliations

  • Eckhard Wurzel
    • 1
  1. 1.Institut für Internationale WirtschaftspolitikUniversität BonnBonn 1Germany

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-642-50298-9
  • Copyright Information Physica-Verlag Heidelberg 1993
  • Publisher Name Physica, Heidelberg
  • eBook Packages Springer Book Archive
  • Print ISBN 978-3-7908-0681-6
  • Online ISBN 978-3-642-50298-9
  • Series Print ISSN 1431-8806
  • Buy this book on publisher's site