"In this study a comparative empirical analysis of the effects of further vocational training on the individual duration of unemployment is carried out for western and eastern Germany. The information from the socio-economic panel for western Germany (1984-1994) and for eastern Germany...

In this paper we motivate, specify and estimate a model in which the intra-day volatilty process affects the inter-transaction duration process and vice versa. In order to solve the estimation problems implied by this interdependent formulation, we first propose a GMM estimation procedure for...

This study analyses the effects of public sector sponsored vocational training on individual unemployment and employment duration in East Germany. The data is taken from the German Socio-Economic Panel (GSOEP). The empirical analysis is limited to training measures that took place between July...