Abstract
This paper introduces a non-stationary hazard of exiting unemployment for employment. The source of the non-stationarity is the duration dependent intensity of offer arrivals subject to a Poisson process. Based on these non-stationary offer arrivals and simplifying assumptions, a closed form non-stationary hazard of exiting unemployment is derived using a sequential search model.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
