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- Title
Minimal Adequate Model of Unemployment Duration in the Post-Crisis Czech Republic.
- Authors
Čabla, Adam
- Abstract
Unemployment is one of the leading economic problems in a developed world. The aim of this paper is to identify the differences in unemployment duration in different strata in the post-crisis Czech Republic via building a minimal adequate model, and to quantify the differences. Data from Labour Force Surveys are used and since they are interval censored in nature, proper methodology must be used. The minimal adequate model is built through the accelerated failure time modelling, maximum likelihood estimates and likelihood ratio tests. Variables at the beginning are sex, marital status, age, education, municipality size and number of persons in a household, containing altogether 29 model parameters. The minimal adequate model contains 5 parameters and differences are found between men and women, the youngest category and the rest and the university educated and the rest. The estimated expected values, variances, medians, modes and 90th percentiles are provided for all subgroups.
- Subjects
CZECH Republic; DURATION of unemployment
- Publication
Statistika: Statistics & Economy Journal, 2016, Vol 96, Issue 1, p50
- ISSN
0322-788X
- Publication type
Article