The recall and new job search of laid-off workers
Subtitle: a bivariate proportional hazard model with unobserved heterogeneity
By: Bruce Fallick and Keunkwan Ryu.
Contributors: Ry, Keunkwan.
Series: Finance and economics discussion series ;; 2003-22; Finance and economics discussion series (Online) ;; 2003-22.
Publisher: Federal Reserve Board
Published: 2003
Place of publication: Washington, D.C
Language: eng
Format: Electronic resource
Subjects: Employment re-entry -- Mathematical models.
Description: "Workers who lose their jobs can become re-employed either by being recalled to their previous employers or by finding new jobs.  Workers' chances for recall should influence their job search strategies, so the rates of exit from unemployment by these two routes should be directly related.  We solve a job search model to establish, in theory, a negative relationship between the recall and new job hazard rates.  We look for evidence in the PSID by estimating a semi-parametric competing risks model with explicitly related hazards.  We find only a small negative behavioral relationship between recall and new job hazard rates"--Federal Reserve Board web site.
Notes: Includes bibliographical references.
Title from PDF file as viewed on 7/26/2004.
Also available in print.
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Mode of access: World Wide Web.