Decomposing Duration Dependence in a Stopping Time Model
收藏NBER2016-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w22188
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资源简介：
We develop a dynamic model of transitions in and out of employment. A worker finds a job at an optimal stopping time, when a Brownian motion with drift hits a barrier. This implies that the duration of each worker's jobless spells has an inverse Gaussian distribution. We allow for arbitrary
提供机构：
美国国家经济研究局
创建时间：
2016-04-01
