Resumen de Local Labour Markets and Unemployment Duration.
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]
