Yao, Fang - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2008
over an
entire quarter. When estimating parameters of the Weibull hazard function with the
Portuguese employer survey data …, they found that the shape parameter lies in the range
between 1.174 and 1.309, indicating an increasing hazard function in … duration spell terminates at the period j is
Pr(j) = (1−α)αj−1 for j = 0,1,2,... (11)
The hazard function corresponding to the …