Heterogeneity and Unemployment Dynamics
Bibliographic Data
| ID | 19418603 |
|---|---|
| Authors | Hie Joo Ahn (0000-0002-7949-911X, Federal Reserve Board of Governors), James D Hamilton (0000-0001-5041-1279, University of California at San Diego, La Jolla, CA 92093 ()) |
| Year | 2020 |
| Volume | 38 |
| Issue | 3 |
| Pages | 554-569 |
| Publication date | 2020-07-02 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Business and Economic Statistics (JOURNAL) |
| Journal identifiers | ISSN: 0735-0015 • E-ISSN: 1537-2707 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/07350015.2018.1530116 |
| OpenAlex | W2185361425 |
| Language | EN |
| Citations received | 8 |
| References cited | 38 |
Many previous articles have studied the contribution of inflows and outflows to the cyclical variation in unemployment, but ignored the critical role of unobserved heterogeneity across workers. This article develops new estimates of unemployment inflows and outflows that allow for unobserved heterogeneity as well as direct effects of unemployment duration on unemployment-exit probabilities. With this approach, we can measure the contribution of different shocks to the short-run, medium-run, and long-run variance of unemployment as well as to specific historical episodes. We conclude that changes in the composition of new inflows into unemployment are the most important factor in economic recessions
Demographic economics · Econometrics · Economics · Great recession · Labour economics · Macroeconomics · Recession · Unemployment · Economic Theory and Policy · Labor market dynamics and wage inequality · Monetary Policy and Economic Impact
The role of observed and unobserved heterogeneity in the duration of unemployment
A Generalized Model of Misclassification Errors and Labor Force Dynamics
The ins and outs of unemployment over different time horizons
Unemployment Dynamics With Informality
Hysteresis and persistent long-term unemployment
Labor Market Transitions Over the Business Cycle
Reliable Real-Time Output Gap Estimates Based on a Modified Hamilton Filter
Well-being of unemployed people
Time Series Analysis
Econometric duration analysis
Reassessing the ins and outs of unemployment
Do Employers Use Unemployment as a Sorting Criterion When Hiring? Evidence from a Field Experiment
Maximum Likelihood Estimation of Misspecified Models
A Method for Minimizing the Impact of Distributional Assumptions in Econometric Models for Duration Data
Duration Dependence and Labor Market Conditions
Estimating the Dimension of a Model
NBER Macroeconomics Annual 2005
Estimating Gross Labor-Force Flows
Why You Should Never Use the Hodrick-Prescott Filter
Unemployment Dynamics in the OECD
Trends in Unemployment Duration Data
The European Unemployment Dilemma
A Neoclassical Model of Unemployment and the Business Cycle
Public Policy in a Model of Long-term Unemployment
Unemployment Dynamics and Duration Dependence in France, the Netherlands and the United Kingdom
The Flow Approach to Labor Markets
| Citations per year | 1 |
|---|---|
| Citation span | 2018 - 2025 (8) |
| Highly cited | No |