A Dynamic Modelling of Unemployment Insurance
Abstract
The paper analysis the level of unemployment insurance beneficiaries. The model is allow for the
simultaneous determination of wages with feedback from excess supply. The analysis concentrates on
the flow of workers in and out of unemployment rather than on the net result, the level of
unemployment. It focuses on the sub-set of the labor force covered by the unemployment insurance (UI)
scheme. The estimation result show that the entry and exit rates exhibit some degree of persistence.
Structural change effect both flow equations adversely. Real wages appear to be determined by a mix of
efficiency wage and market clearing factors.
simultaneous determination of wages with feedback from excess supply. The analysis concentrates on
the flow of workers in and out of unemployment rather than on the net result, the level of
unemployment. It focuses on the sub-set of the labor force covered by the unemployment insurance (UI)
scheme. The estimation result show that the entry and exit rates exhibit some degree of persistence.
Structural change effect both flow equations adversely. Real wages appear to be determined by a mix of
efficiency wage and market clearing factors.
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PDF (Bahasa Indonesia)DOI: https://doi.org/10.29313/jstat.v11i1.1036
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