The Duration of Youth Unemployment in West Germany: Some Theoretical Considerations / Wolfgang Franz.

Format:

Book

Author/Creator:

Franz, Wolfgang.

Contributor:

National Bureau of Economic Research.

Series:

Working Paper Series (National Bureau of Economic Research) no. w0397.

NBER working paper series no. w0397

Language:

English

Subjects (All):

Unemployment--Mathematical models.

Unemployment.

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

The Duration of Youth Unemployment in West Germany

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1979.

Cambridge, Massachusetts : National Bureau of Economic Research, 1979.

Summary:

This paper presents a theoretical model dealing with the duration of youth unemployment in West Germany. Duration can be expressed in terms of the underlying hazard function. After a brief discussion of a reasonable shape of the hazard function a distinction is made with respect to the probabilities of receiving a job offer and accepting it. Determinants of the latter decision are developed using a unified model of consumption, leisure, and job search. Uncertainty and some restrictions such as standard work time and entitlement to unemployment compensation are taken into account. The probability of receiving a job offer depends, among other factors, on the screening process undertaken by the firms .

Notes:

Print version record

October 1979.