RECONSTRUCTING THE PATTERN OF AMERICAN UNEMPLOYMENT BEFORE THE FIRST-WORLD-WAR

Authors
Citation
Ja. James, RECONSTRUCTING THE PATTERN OF AMERICAN UNEMPLOYMENT BEFORE THE FIRST-WORLD-WAR, Economica, 62(247), 1995, pp. 291-311
Citations number
45
Categorie Soggetti
Economics
Journal title
ISSN journal
00130427
Volume
62
Issue
247
Year of publication
1995
Pages
291 - 311
Database
ISI
SICI code
0013-0427(1995)62:247<291:RTPOAU>2.0.ZU;2-B
Abstract
This paper calculates the distribution of unemployment duration length s and transition rates for Massachusetts workers in the late nineteent h century. Using data on time spent out of work and assuming that the spell durations followed a Weibull distribution, I parameterize a mode l of the timing of transitions from unemployment to employment and vic e versa. I then simulate the employment experience of representative w orkers and construct distributions of completed spell lengths. The exp erience of most out-of-work workers in a year seems to have been in on e rather long spell rather than in shorter multiple ones.