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.
Notes on verification
Verbatim match to the abstract of Kroft, Lange, Notowidigdo, and Katz (2016, Journal of Labor Economics), confirmed via NBER working paper, SSRN, and journal DOI page.
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)