An Econometric Analysis of Individual Unemployment Duration in West Germany (Studies in Contemporary Economics) Eckhard Wurzel - kelloggchurch.org

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. The present micro-econometric studyanalyses the impact of important socio-economiccharacteristics on unemployment duration in West Germany.Based on a search theoretic framework unemployment durationis considered as a stochastic process whose evolution isinfluenced by economicand demographic variables likeunemployment. Get this from a library! An econometric analysis of individual unemployment duration in West Germany. [Eckhard Wurzel]. Get this from a library! An econometric analysis of individual unemployment duration in West Germany. [Eckhard Wurzel] -- 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.

The objective of this study is therefore to conduct a comprehensive analysis of unemployment duration in Germany. We identify the determinants of the length of unemployment not only among individual characteristics, but also consider the regional and institutional context in which individuals seek employment. The analysis of unemployment duration in this study is based on the concept of the hazard rate and of the survivor function which were introduced in chapter II.2 about search theory. Standard job search theory implies that more generous unemployment benefits increase the expected duration of unemployment spells until individuals accept a new job. This paper empiri-cally analyzes the distribution of unemployment durations in West-Germany before and after the reforms of unemployment benefits during the mid 1980s. Our analysis in this paper is based on data from West-Germany covering the time period of January 1984 to December 2008 and therefore makes use of the entire GSOEP-history. As unemployment we define the period an individual is off the job and officially being registered unemployed inGermany. Wurzel E. 1993 Models of Individual Unemployment Duration. In: An Econometric Analysis of Individual Unemployment Duration in West Germany. Studies in Contemporary Economics.

of unemployment duration for the 26 to 41 years old working population in West-Germany during the 1980ties and 1990ties. The comprehensive IAB employment subsample 1975-1997 is used for the analysis. It contains employment and unemployment trajectories of about 500.000 individuals from West-Germany. The application of flexible nonparametric. Cite this chapter as: Wurzel E. 1993 The Variables. In: An Econometric Analysis of Individual Unemployment Duration in West Germany. Studies in Contemporary Economics.

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