Negative duration dependence in the job-finding rate of unemployed workers contributes significantly to a labor market model's ability to match post-2008 unemployment data.
Sources
- Long-Term Unemployment and the Great Recession: The Role of Composition, Duration Dependence, and Non-Participation | Lawrence Katz (lkatz.scholars.harvard.edu)
- https://www.nber.org/system/files/working_papers/w20273/w20273.pdf (nber.org)
- https://dx.doi.org/10.1086/682390 (dx.doi.org)
- https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2463388 (papers.ssrn.com)
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