Ambrosini Archive

Labor dynamics

2008-11-09 · Original WordPress address

This is the neatest graph I've seen in a while (from Davis et al 2006): The bottom numbers are the hazard rates, e.g. if you're employed, every month you have a 2.6% chance of getting a new employer, a 2.7% chance of leaving the labor force and a 1.3% chance of becoming unemployed. (h/t Kling)

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