Transition Models in a Non-stationary Environment
AbstractAn alternative form of the proportional hazard model is proposed. It allows one to introduce correlation between exit rates at the same (calendar) time for different individuals. One can, in the context of this model, still allow for, and estimate, duration effects. These should be parametrized. These modifications to the original Cox model are possible by reversing the roles of duration and calendar time. It is argued that flexibility with respect to the effects of these macro processes is of particular relevance in economic models. An example using Dutch data on labor market transitions illustrates the idea that to ignore calendar time effects may have severe consequences for the estimation of duration dependence. Copyright 1994 by MIT Press.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by MIT Press in its journal Review of Economics & Statistics.
Volume (Year): 76 (1994)
Issue (Month): 4 (November)
Contact details of provider:
Web page: http://mitpress.mit.edu/journals/
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Brigitte Dormont & Denis Fougère & Ana Prieto, 2001.
"L'effet de l'allocation unique dégressive sur la reprise d'emploi,"
Économie et Statistique,
Programme National Persée, vol. 343(1), pages 3-28.
- B. Dormont & D. Fougère & A. Prieto, 2001. "L'effet de l'allocation unique dégressive sur la reprise d'emploi," THEMA Working Papers 2001-05, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
- Boockmann, Bernhard & Fries, Jan & Göbel, Christian, 2012.
"Specific measures for older employees and late career employment,"
ZEW Discussion Papers
12-059, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
- Bernhard Boockmann & Jan Fries & Christian Göbel, 2012. "Specific Measures for Older Employees and Late Career Employment," IAW Discussion Papers 89, Institut für Angewandte Wirtschaftsforschung (IAW).
- Kalwij, Adriaan, 2001. "Individuals' Unemployment Durations over the Business Cycle," IZA Discussion Papers 369, Institute for the Study of Labor (IZA).
- Guido W. Imbens & Lisa M. Lynch, 1993.
"Re-Employment Probabilities over the Business Cycle,"
NBER Working Papers
4585, National Bureau of Economic Research, Inc.
- Guido Imbens & Lisa Lynch, 2006. "Re-employment probabilities over the business cycle," Portuguese Economic Journal, Springer, vol. 5(2), pages 111-134, August.
- Imbens, Guido W. & Lynch, Lisa M., 2006. "Re-Employment Probabilities over the Business Cycle," IZA Discussion Papers 2167, Institute for the Study of Labor (IZA).
- Charles W. Calomiris & Joseph R. Mason, 2001.
"Causes of U.S. bank distress during the depression,"
714, Federal Reserve Bank of Chicago.
- Charles W. Calomiris & Joseph R. Mason, 2000. "Causes of U.S. Bank Distress During the Depression," NBER Working Papers 7919, National Bureau of Economic Research, Inc.
- Hesselius, Patrik, 2007. "Does sickness absence increase the risk of unemployment?," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 36(2), pages 288-310, April.
- Gordon Wilkinson, 1997. "A Micro Approach to the Issue of Hysteresis in Unemployment: Evidence from the 19881990 Labour Market Activity Survey," Working Papers 97-12, Bank of Canada.
- van den Berg, Gerard J & van der Klaauw, Bas, 2000.
"Combining Micro and Macro Unemployment Duration Data,"
CEPR Discussion Papers
2494, C.E.P.R. Discussion Papers.
- van den Berg, Gerard J. & van der Klaauw, Bas, 2001. "Combining micro and macro unemployment duration data," Journal of Econometrics, Elsevier, vol. 102(2), pages 271-309, June.
- van den Berg, Gerard J. & van der Klaauw, Bas, 2000. "Combining Micro and Macro Unemployment Duration Data," IZA Discussion Papers 109, Institute for the Study of Labor (IZA).
- Gerard J, Van den Berg & Bas Van der Klmaauw, 1998. "Combining Micro and Macro Unemployment Duration Data," Working Papers 98-58, Centre de Recherche en Economie et Statistique.
- Gerard J. van den Berg & Bas van der Klaauw, 1998. "Combining Micro and Macro Unemployment Duration Data," Tinbergen Institute Discussion Papers 98-098/3, Tinbergen Institute.
- Hesselius, Patrik, 2003. "Does Sick Absence Increase the Risk of Unemployment?," Working Paper Series 2003:15, Uppsala University, Department of Economics.
- Dohmen, Thomas J. & Pfann, Gerard A., 2004.
"Worker separations in a nonstationary corporate environment,"
European Economic Review,
Elsevier, vol. 48(3), pages 645-663, June.
- Dohmen, Thomas & Pfann, Gerard A., 2000. "Worker Separations in a Nonstationary Corporate Environment," IZA Discussion Papers 201, Institute for the Study of Labor (IZA).
- Mark Yuying An & Ming Liu, 2000.
"Using Indirect Inference To Solve The Initial-Conditions Problem,"
The Review of Economics and Statistics,
MIT Press, vol. 82(4), pages 656-667, November.
- Mark Yuying An & Ming Liu, 1996. "Using Indirect Inference to Solve the Initial Conditions Problem," Econometrics 9611004, EconWPA.
- Kalwij, Adriaan, 2001. "Individuals' Unemployment Experiences: Heterogeneity and Business Cycle Effects," IZA Discussion Papers 370, Institute for the Study of Labor (IZA).
- van Ommeren, Jos & Rietveld, Piet & Nijkamp, Peter, 2002. "A bivariate duration model for job mobility of two-earner households," European Journal of Operational Research, Elsevier, vol. 137(3), pages 574-587, March.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Karie Kirkpatrick).
If references are entirely missing, you can add them using this form.