Local Labour Markets and Unemployment Duration.

• Autores: Matthew Forbes, Andrew Barker
• Localización: Economic record, ISSN 0013-0249, Vol. 93, Nº. 301, 2017, págs. 238-254
• Idioma: inglés
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• Resumen

  • This paper explores the relationship between local unemployment rates and the length of time people who have lost their job spend unemployed, using a competing risks model. High local unemployment is found to reduce the probability of re-employment for someone who was employed prior to a period of unemployment. However, individual factors such as age, education and experience are more important predictors of re-employment. This suggests there could be benefits from a policy response that focuses more on the individuals, and building skills that are resilient to structural change, than on job creation in local areas. [ABSTRACT FROM AUTHOR]