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Time aggregation and the Distributional Shape of Unemployment Duration

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Author Info

  • Edin, P.A.
  • Bergstrom, R.

Abstract

This paper reports empirical evidence on the sensitivity of unemployment duration regression estimates to distributional assumptions and to time aggregation. The results indicate that parameter estimates are robust to distributional assumptions, while estimates of duration dependence are not. Time aggregation does not seem to have drastic effects on the estimates in a simple parametric model like the Weibull, but can produce dramatic changes in the more complicated extended generalized gamma model. Semiparametric models for grouped data produce stable estimates, and perform much better than continuous-time models in terms of significance at high levels of time aggregation. Copyright 1992 by John Wiley & Sons, Ltd.

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Bibliographic Info

Paper provided by Uppsala - Working Paper Series in its series Papers with number 1991u.

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Length: 41 pages
Date of creation: 1991
Date of revision:
Handle: RePEc:fth:uppaal:1991u

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Postal: UPPSALA UNIVERSITY, DEPARTMENT OF ECONOMICS, S-751 20 UPPSALA SWEDEN.
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Fax: + 46 18 471 14 78
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Web page: http://www.nek.uu.se/
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Keywords: unemployment ; economic models;

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Citations

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Cited by:
  1. T. Addison, John & Portugal, Pedro, 1998. "Some specification issues in unemployment duration analysis," Labour Economics, Elsevier, vol. 5(1), pages 53-66, March.
  2. George Neumann, 1996. "Search Models and Duration Data," Econometrics 9602008, EconWPA, revised 07 Mar 1996.
  3. Heather D. Gibson & Euclid Tsakalotos, 2004. "Capital flows and speculative attacks in prospective EU member states," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 12(3), pages 559-586, 09.
  4. J. Cao, . "Welfare recipiency and welfare recidivism: An analysis of the NLSY data," Institute for Research on Poverty Discussion Papers 1081-96, University of Wisconsin Institute for Research on Poverty.
  5. Pieter Serneels, 2004. "The Nature of Unemployment in Urban Ethiopia," Economics Series Working Papers WPS/2004-01, University of Oxford, Department of Economics.
  6. Andrew P. Dickerson & Heather D. Gibson & Euclid Tsakalotos, 1998. "Takeover Risk and the Market for Corporate Control: The Experience of British Firms in the 1970s and 1980s," Studies in Economics 9803, Department of Economics, University of Kent.
  7. 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.
  8. ter Hofstede, Frenkel & Wedel, Michel, 1998. "A Monte Carlo study of time aggregation in continuous-time and discrete-time parametric hazard models," Economics Letters, Elsevier, vol. 58(2), pages 149-156, February.
  9. Reinhold Bergstro¨m & Lars Engvall & Eva Wallerstedt, 1997. "The importance of flexible hazard functions in the analysis of organizational survival data -- experiences from a cohort of Swedish commercial banks," Quality & Quantity: International Journal of Methodology, Springer, vol. 31(1), pages 15-35, February.
  10. Roed,K. & Zhang,T., 2000. "A note on the Weibull distribution and time ag gregation bias," Memorandum 23/2000, Oslo University, Department of Economics.
  11. Christian N. Brinch, 2008. "Non-parametric Identification of the Mixed Hazards Model with Interval-Censored Durations," Discussion Papers 539, Research Department of Statistics Norway.
  12. Demetrios Vakratsas & Frank M. Bass, 2002. "A segment-level hazard approach to studying household purchase timing decisions," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 17(1), pages 49-59.
  13. George R. Neumann, 1995. "Search Models and Duration Data," Labor and Demography 9511001, EconWPA.
  14. Gebrenegus Ghilagaber, 2005. "The Extended Generalized Gamma Model and its Special Cases: Applications to Modeling Marriage Durations," Quality & Quantity: International Journal of Methodology, Springer, vol. 39(1), pages 71-85, 02.
  15. Bigsten, Arne & Shimeles, Abebe, 2008. "Poverty Transition and Persistence in Ethiopia: 1994-2004," World Development, Elsevier, vol. 36(9), pages 1559-1584, September.
  16. Hofstede, Frenkel ter & Wedel, Michel, 1996. "A Monte Carlo study into time-aggregation in continuous and discrete-time hazard models," Research Report 96B24, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
  17. René Böheim, 2006. "“I’ll be Back” – Austrian Recalls," Empirica, Springer, vol. 33(1), pages 1-18, March.

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