Duration Structure of Unemployment Hazards and the Trend Unemployment Rate

Denis Vîntu

MPRA Paper from University Library of Munich, Germany

Abstract: This paper investigates the duration structure of unemployment hazards and the trend unemployment rate using micro-level labor market data. We analyze how the probability of exiting unemployment varies over time and explore the implications for the natural rate of unemployment. The findings contribute to understanding unemployment dynamics and inform labor market policies.

Keywords: Simultaneous equations model; Labor market equilibrium; Unemployment rate determination; Wage-setting equation; Price-setting equation; Beveridge curve; Job matching function; Phillips curve; Structural unemployment; Natural rate of unemployment; Labor supply and demand; Endogenous unemployment; Disequilibrium model; Employment dynamics; Wage-unemployment relationship; Aggregate labor market model; Multivariate system estimation; Identification problem; Reduced form equations; Equilibrium unemployment rate (search for similar items in EconPapers)
JEL-codes: C30 C31 C32 C33 C51 J64 J65 J68 (search for similar items in EconPapers)
Date: 2025-08, Revised 2025-08
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:125940

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