Abstract
This paper has two parts. The first part concentrates on modeling transitions out of unemployment using aggregated gross flow data. Models are estimated using monthly transition probabilities for March-April 1984. This analysis produces evidence consistent with negative duration dependence but sheds no light on the role of macroeconomic factors. The second part focuses on this issue. A time-series analysis of the proportion of long-term unemployment using data for four age and sex groups provides evidence that a proportionately greater increase in long-term unemployment in Australia in the 1970s has been associated with reduction in job availability and the effect of certain supply shocks
| Original language | English |
|---|---|
| Pages (from-to) | 20-42 |
| Number of pages | 23 |
| Journal | Journal of Labor Economics |
| Volume | 5 |
| Issue number | 1 |
| Publication status | Published - Jan 1987 |
Keywords
- duration dependence, long-term unemployment, Australia unemployment, unemployment benefits, gross flows
ASJC Scopus subject areas
- Economics, Econometrics and Finance(all)
