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Table 3 Understanding the differences

From: The importance of frequency in estimating labour market transition rates

  2nd,3rd Month Unconditional Conditional on:
  \(\hat {n}_{m2}\) n m E t−1 U t−1 I t−1
E → U 0.008 0.015 0.012 0.132 0.038
E → I 0.008 0.029 0.019 0.076 0.277
U → E 0.119 0.260 0.439 0.207 0.194
U → I 0.062 0.221 0.133 0.166 0.403
I → E 0.013 0.046 0.340 0.126 0.026
I → U 0.001 0.026 0.066 0.261 0.016
  1. Note: averages between 1976:2 and 2011:6, calculated from CPS. \(\boldsymbol {\hat {n}_{m2}}\) calculated using equation ( 6 ).