Authors
Kenneth Burdett, Nicholas M Kiefer, Sunil Sharma
Publication date
1985/4/1
Journal
Journal of Econometrics
Volume
28
Issue
1
Pages
51-69
Publisher
North-Holland
Description
A semi-Markov model of turnover, resulting from optimizing behavior on the part of workers, is developed. Duration dependence in the transition out of employment is modelled as resulting from a layoff probability which decreases with tenure. Some preliminary results, based on DIME data, are presented. These indicate that a declining hazard rate in the transition out of employment is a significant feature of the data.
Total citations
Scholar articles
K Burdett, NM Kiefer, S Sharma - Journal of Econometrics, 1985