Measuring Unemployment Risk

Brendan J. Chapuis and John Coglianese
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John Coglianese: https://www.federalreserve.gov/econres/john-m-coglianese.htm

No 2024-03-08-1, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: In this note, we introduce a measure of unemployment risk, the likelihood of a worker becoming unemployed within the next twelve months. By using nonparametric machine learning applied to data on millions of workers in the US, we can estimate how unemployment risk varies across individuals and over time.

Date: 2024-03-08
New Economics Papers: this item is included in nep-big, nep-cmp and nep-rmg
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2024-03-08-1

DOI: 10.17016/2380-7172.3453

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