A theoretical and empirical investigation of unemployment experience among a cross section of individuals. A conceptual framework is provided that can accommodate a variety of theoretical approaches and furnish a means of translating among various weekly and annual measures of unemployment experience. Markov models of job search and investment in firm-specific human capital are given. Empirical work is based on the 1967 Survey of Economic Opportunity. Regression results are discussed by race and sex for each of the dependent variables: annual probability of unemployment, annual weeks of unemployment among unemployed persons, and weekly probability of employment. Via the conceptual framework, the regressions predict the weekly probabilities of entering and leaving unemployment and the weekly unemployment rate, each as a function of industry, occupation, location, and personal characteristics. 114 pp.
This report is part of the RAND Corporation Report series. The report was a product of the RAND Corporation from 1948 to 1993 that represented the principal publication documenting and transmitting RAND's major research findings and final research.
Our mission to help improve policy and decisionmaking through research and analysis is enabled through our core values of quality and objectivity and our unwavering commitment to the highest level of integrity and ethical behavior. To help ensure our research and analysis are rigorous, objective, and nonpartisan, we subject our research publications to a robust and exacting quality-assurance process; avoid both the appearance and reality of financial and other conflicts of interest through staff training, project screening, and a policy of mandatory disclosure; and pursue transparency in our research engagements through our commitment to the open publication of our research findings and recommendations, disclosure of the source of funding of published research, and policies to ensure intellectual independence. For more information, visit www.rand.org/about/principles.
The RAND Corporation is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.