Duration data models, unemployment benefits and bias

Traditional approaches to measurement conditional probabilities of leaving welfare do not deal with unemployment benefits data in a proper way leading thus to biased estimates of unemployment-employment transition probabilities. In fact, these approaches overestimate hazard rates and hence underestimate the expected welfare duration.

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Year of publication:	2007
Authors:	Arranz, Jose ; Muro, Juan
Published in:	Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 14.2007, 15, p. 1119-1122
Publisher:	Taylor & Francis Journals

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005471554