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Projecting Unemployment Durations: A Factor-Flows Simulation Approach With Application to the COVID-19 Recession

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NBER2020-07-01 更新2025-01-04 收录
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We propose a three-step factor-flows simulation-based approach to forecast the duration distribution of unemployment. Step 1: estimate individual transition hazards across employment, temporary layoff, permanent layoff, quitter, entrant, and out of the labor force, with each hazard depending on an

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2020-07-01
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