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BEGIN:VEVENT
UID:8688a5a6915b68b619f56e64e2a9e428
CATEGORIES:Seminars
CREATED:20170418T182108
SUMMARY:Lunch Seminar: Fernando Alvarez - University of Chicago
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:Decomposing Duration Dependence in a Stopping Time Model (with K. Borovicok
 ova and R. Shimer)\nAbstract:\n We develop a dynamic model of transitions i
 n and out of employment. A worker finds a job at an optimal stopping time, 
 when a Brownian motion with drift hits a barrier. This implies that the dur
 ation of each worker’s jobless spells has an inverse Gaussian distribution.
  We allow for arbitrary heterogeneity across workers in the parameters of t
 his distribution and prove that the distribution of these parameters is ide
 ntified from the duration of two spells. We use social security data for Au
 strian workers to estimate the model. We conclude that dynamic selection is
  a critical source of duration dependence.\n
DTSTAMP:20260406T181035Z
DTSTART:20160711T130000Z
DTEND:20160711T140000Z
SEQUENCE:0
TRANSP:OPAQUE
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