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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 ).
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