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http://dx.doi.org/10.5762/KAIS.2012.13.4.1603

Measuring Unemployment Durations of Different Types of Workers  

Choi, Chang-Kon (Department of economics, Chonbuk National University)
Publication Information
Journal of the Korea Academia-Industrial cooperation Society / v.13, no.4, 2012 , pp. 1603-1608 More about this Journal
Abstract
This paper aims to build a model of unemployment duration, in which each type of unemployment duration can be defined as a function of other exogenous variables. Recently, the so-called mismatch in the labor market has become a big issue in most countries. It is very obvious that 'mismatch' is deeply related to the long duration of unemployment status. Two problems may be head and tail of the same coin. Employing a simple analysis of Markov stochastic process, the model of unemployment duration developed here is useful for seeing the effects of shocks on unemployment duration. The model allows us to distinguish the determinants of different kinds of unemployment and to identify the nature of unemployment duration.
Keywords
Unemployment Duration; Markov Process; Job Search by College Graduates;
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