scholarly journals Heterogeneity versus duration dependence with competing risks: an application to the labor market

2017 ◽  
Vol 33 (5) ◽  
pp. 465-475
Author(s):  
Richard Robb ◽  
Halina Frydman ◽  
Andrew Robertson
Keyword(s):  
Labor Market ◽  
Competing Risks ◽  
Duration Dependence

scholarly journals Flexibility Policies and Re-employment Probabilities in Italy

2015 ◽  
Vol 15 (2) ◽  
pp. 621-651 ◽  
Author(s):  
Chiara Mussida ◽  
Dario Sciulli
Keyword(s):  
Labor Market ◽  
Duration Dependence ◽  
Employment Opportunities ◽  
Regional Labor Markets ◽  
Flexible Labor ◽  
Regional Labor ◽  
Short And Long Term ◽  
Employment Probabilities ◽  
Screening Device

Abstract We analyze the effects of Italian labor market reforms “at the margin” on the probability of exiting from non-employment and entering permanent and temporary contracts, using WHIP data for the period 1985–2004. We find that the reforms have strengthened the duration dependence parameter, meaning a stronger labor market gap in employment opportunities between the short- and long-term non-employed. We suggest that in a flexible labor market, long-term unemployment is used by firms as a screening device to detect less productive workers. We also find evidence of greater differences in employment opportunities according to gender, and of reduced differences between regional labor markets.

scholarly journals The Effects of Social Networks on Employment and Inequality

2004 ◽  
Vol 94 (3) ◽  
pp. 426-454 ◽  
Author(s):  
Antoni Calvó-Armengol ◽  
Matthew O Jackson
Keyword(s):  
Social Networks ◽  
Labor Market ◽  
Employment Status ◽  
Drop Out ◽  
The Other ◽  
Duration Dependence ◽  
Social Contacts ◽  
Drop Out Rate ◽  
Job Opportunities

We develop a model where agents obtain information about job opportunities through an explicitly modeled network of social contacts. We show that employment is positively correlated across time and agents. Moreover, unemployment exhibits duration dependence: the probability of obtaining a job decreases in the length of time that an agent has been unemployed. Finally, we examine inequality between two groups. If staying in the labor market is costly and one group starts with a worse employment status, then that group's drop-out rate will be higher and their employment prospects will be persistently below that of the other group.

scholarly journals The collapse of credit booms: a competing risks analysis

2020 ◽  
Vol 47 (6) ◽  
pp. 1437-1465
Author(s):  
Vítor Castro ◽  
Rodrigo Martins
Keyword(s):  
Economic Growth ◽  
Competing Risks ◽  
Design Methodology ◽  
Banking Crises ◽  
Duration Model ◽  
Duration Dependence ◽  
Content Type ◽  
Credit Booms ◽  
Competing Risks Analysis ◽  
Monetary Authorities

PurposeThis paper analyses the collapse of credit booms into soft landings or systemic banking crises.Design/methodology/approachA discrete-time competing risks duration model is employed to disentangle the factors behind the length of benign and harmful credit booms.FindingsThe results show that economic growth and monetary authorities play the major role in explaining the differences in the length and outcome of credit booms. Moreover, both types of credit expansions display positive duration dependence, i.e. both are more likely to end as they grow older, but hard landing credit booms have proven to be longer than those that land softly.Originality/valueThis paper contributes to our understanding of what affects the length of credit booms and why some end up creating havoc and others do not. In particular, it calls the attention to the important role that Central Bank independence plays regarding credit booms length and outcome.

Duration Dependence and Labor Market Conditions: Evidence from a Field Experiment*

2013 ◽  
Vol 128 (3) ◽  
pp. 1123-1167 ◽  
Author(s):  
Kory Kroft ◽  
Fabian Lange ◽  
Matthew J. Notowidigdo
Keyword(s):  
Labor Market ◽  
Broad Class ◽  
Duration Dependence ◽  
Local Labor Market ◽  
Market Conditions ◽  
Labor Market Conditions ◽  
Unemployment Spell ◽  
Job Postings ◽  
Spell Length

Abstract This article studies the role of employer behavior in generating “negative duration dependence”—the adverse effect of a longer unemployment spell—by sending fictitious résumés to real job postings in 100 U.S. cities. Our results indicate that the likelihood of receiving a callback for an interview significantly decreases with the length of a worker’s unemployment spell, with the majority of this decline occurring during the first eight months. We explore how this effect varies with local labor market conditions and find that duration dependence is stronger when the local labor market is tighter. This result is consistent with the prediction of a broad class of screening models in which employers use the unemployment spell length as a signal of unobserved productivity and recognize that this signal is less informative in weak labor markets.

scholarly journals Duration Dependence and Labor Market Experience

Labour ◽  
2021 ◽  
Vol 35 (1) ◽  
pp. 105-134
Author(s):  
Arne F. Lyshol ◽  
Plamen T. Nenov ◽  
Thea Wevelstad
Keyword(s):  
Labor Market ◽  
Duration Dependence ◽  
Labor Market Experience ◽  
Market Experience
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