Employment and Unemployment Transitions in Spain from 1996 to 2005

Felipe Sáez, Miguel Sánchez-Romero and Joaquín Vera
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Felipe Sáez: Departamento de Análisis Económico (Teoría e Historia Económica). Universidad Autónoma de Madrid.
Joaquín Vera: Departamento de Análisis Económico (Teoría e Historia Económica). Universidad Autónoma de Madrid.

No 2007/09, Working Papers in Economic Theory from Universidad Autónoma de Madrid (Spain), Department of Economic Analysis (Economic Theory and Economic History)

Abstract: In this paper, we have studied the employment and nonemployment transitions in Spain from 1996 to 2005. To do so, we have used a multi-state multiepisode duration model and a censored continuous-time Markovian matrix. By using the censored Markovian matrix, we have been able to balance the negative effect that censore has on the estimated parameters. The results obtained suggest that women have a probability of employment six percent lower than men. In addition, we have been able to show that Spanish employees experience three different stages of employment during their first decade in the labor market.

Keywords: Employment and Nonemployment Transitions; Multi-state Multi-episode Duration Model; Hazard Rate; Censored Continuous-time Markovian Matrix (search for similar items in EconPapers)
JEL-codes: C41 J64 (search for similar items in EconPapers)
Pages: 20 pages
Date: 2007-06
New Economics Papers: this item is included in nep-eec and nep-lab
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