Alternative Measures of the Average Duration of Unemployment
This paper examines the robustness of a measure of the average complete duration of unemployment in Canada to a host of assumptions used in its derivation. In contrast to the average incomplete duration of unemployment, which is a lagging cyclical indicator, this statistic is a coincident indicator of the business cycle. The impact of using a steady state as opposed to a non steady state assumption, as well as the impact of various corrections for response bias are explored. It is concluded that a non steady state estimator would be a valuable compliment to the statistics on unemployment duration that are currently released by many statistical agencies, and particularly Statistics Canada.
|Date of creation:||30 Dec 1995|
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- Stephen W. Salant, 1974.
"Search theory and duration data: a theory of sorts,"
Special Studies Papers
42, Board of Governors of the Federal Reserve System (U.S.).
- Salant, Stephen W, 1977. "Search Theory and Duration Data: A Theory of Sorts," The Quarterly Journal of Economics, MIT Press, vol. 91(1), pages 39-57, February.
- Baker, Michael, 1992. "Unemployment Duration: Compositional Effects and Cyclical Variability," American Economic Review, American Economic Association, vol. 82(1), pages 313-21, March.
- Baker, G M & Trivedi, P K, 1985. "Estimation of Unemployment Duration from Grouped Data: A Comparative Study," Journal of Labor Economics, University of Chicago Press, vol. 3(2), pages 153-74, April.
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