Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/247234 
Year of Publication: 
2021
Series/Report no.: 
Discussion Paper No. 260
Publisher: 
Institute for Applied Economic Research (ipea), Brasília
Abstract: 
We offer a decomposition for the variance of the current unemployment rate that not only measures the contributions of labor market flows but also of the approximation error embedded in other decompositions that use surrogates for the current rate. Using data for the United States and Brazil, the results for the latter show significant differences in the flows' contributions and non-negligible distortions of approximation errors when the variance of the current (instead of the proxy) rate is decomposed; for the U.S., no substantial changes are detected.
Subjects: 
unemployment
labor market flows
decomposition
JEL: 
E24
J64
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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