THE UNEMPLOYMENT RATE WHEN THE LABOUR MARKET IS MODELLED BY A MARKOV CHAIN

DOI10.1111/J.1467-842X.1988.TB00848.XzbMATH Open0705.60058MaRDI QIDQ3485696FDOQ3485696

Authors: Fima Klebaner 

Publication date: 1988

Published in: Australian Journal of Statistics (Search for Journal in Brave)

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zbMATH Keywords

Markov chainasymptotic distributionunemployment ratelabour market flow

Mathematics Subject Classification ID

Applications of Markov chains and discrete-time Markov processes on general state spaces (social mobility, learning theory, industrial processes, etc.) (60J20) Applications of statistics to economics (62P20) Markov chains (discrete-time Markov processes on discrete state spaces) (60J10)

Cited In (3)

• Probability mass functions for additional years of labor market activity induced by the Markov (increment--decrement) model.
• Parameter estimation in a model of the labor market
• Pricing of unemployment insurance products with doubly stochastic Markov chains

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