labour market states: self-employment, employment, and unemployment. This enables us to assess the effects of changes in … unobservable individual heterogeneity, duration dependence, lagged duration dependence and state dependence. Three main results are … obtained. First, the aggregated unemployment rate is found to have a positive effect on the probability of becoming self …

Unemployment insurance systems include monitoring of unemployed workers and punitive sanctions if job search …-2004. We estimate duration models dealing with selection on unobservables. We use weighted exogenous sampling maximum …

This paper examines the depth and duration of the slump that invariably follows severe financial crises, which tend to … employment. The unemployment rate rises an average of 7 percentage points over the down phase of the cycle, which lasts on … average over four years. Output falls an average of over 9 percent, although the duration of the downturn is considerably …

In Portugal real wage flexibility, at the macroeconomic level, is noticeably higher, while unemployment duration is … lower, when compared to Spain. This suggests that the hardship of being unemployed is higher in Portugal. Unemployment … benefits and family insurance, which are the main buffer against unemployment and have played different roles in both countries …

mandated unemployment insurance (UI) and employment protection (EP). To illuminate the forces in these models, we study how UI … higher layoff taxes suppress frictional unemployment in less turbulent times, prevails in the models with labour market … impossible to include generous government-supplied unemployment insurance in that model without getting the unrealistic result …

end in sight. In this short paper we assess empirically what determines the duration of trade negotiations, focusing on …

interventions) on the duration of the target funds rate. Time deformation of the target funds rate is modelled as an autoregressive … process following the class of ACD models first proposed by Engle and Russell (1998). The duration of the target funds rate is … interventions into the ACD model finds that previous interventions lengthen the duration of the target funds rate. This result is …