MODELING THE PROBABILITY OF LEAVING UNEMPLOYMENT - COMPETING RISKS MODELS WITH FLEXIBLE BASE-LINE HAZARDS
UNSPECIFIED (1993) MODELING THE PROBABILITY OF LEAVING UNEMPLOYMENT - COMPETING RISKS MODELS WITH FLEXIBLE BASE-LINE HAZARDS. APPLIED STATISTICS-JOURNAL OF THE ROYAL STATISTICAL SOCIETY SERIES C, 42 (1). pp. 63-83. ISSN 0035-9254Full text not available from this repository.
Unemployment durations are generally modelled by using survival analysis. In the past, in Britain, all such studies have not only used very restrictive parametric specifications of the hazard functions, most commonly Weibull in form, but also only modelled unemployment durations without distinguishing the nature of the exit. These restrictions potentially bias the estimated effects, particularly those of the time varying economic variables and the base-line hazard. When we use semiparametric methods to estimate models with completely unrestricted base-line hazards, we find the restrictions implied by the Weibull specification to be rejected for Britain. We then use a competing risks model to distinguish exit into a job from other exits. We find that the single risk model of exit understates the effects of income in and out of work on the probability of entering a job.
|Item Type:||Journal Article|
|Subjects:||Q Science > QA Mathematics|
|Journal or Publication Title:||APPLIED STATISTICS-JOURNAL OF THE ROYAL STATISTICAL SOCIETY SERIES C|
|Publisher:||BLACKWELL PUBL LTD|
|Number of Pages:||21|
|Page Range:||pp. 63-83|
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