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...ixi ≤+λβs(1)swhere x is a vector of explanatory variables for worker i, β identifies the regressionscoefficients, and λm is the exponential parameter for the m interval (Prentice andsGloeckler, 1978; =-=Lancaster 1990-=-).sWe will first consider the specification of the impact of unemployment benefitsson the hazard rate. As discussed earlier, we want to identify the role of unemploymentsinsurance benefits (UB) before...

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...ion wages should fall with the approach of benefit exhaustion. As a result of thesdecline in the value of remaining unemployed, and increased search intensity, escapesrates should rise monotonically (=-=Mortensen, 1977-=-). (Indeed, even if workers are notsengaged in productive search – as in the static labor-leisure model – a clustering ofsobservations around the exhaustion point is predicted.) After benefit exhausti...

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...s on unemployment duration. The classic study is by Meyers(1990), who deploys time-to-exhaustion splines in analyzing administrative data for U.S.smales from twelve states, 1978-83 (see also Katz and =-=Meyer, 1990-=-).2 Meyer reports thatsthe probability of escaping from unemployment rises dramatically shortly beforesexhaustion: from 6 to 2 weeks before exhaustion the hazard increases 67 percent, and onesweek awa...

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... work using the DWS indicates that the escape rates of not justsrecipients but also nonrecipients are characterized by humps at 26 and 39 weeks, the latersrepresenting the end of ‘extended’ benefits (=-=Fallick, 1991-=-, p. 230). Added to which, theresis also the problem that all duration observations using administrative data are censoredsat benefit expiration. In sharp contrast, the DWS data allow us to observe wh...

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...ryingseffect of benefits in terms of a competing risks model where the choice is that betweensfull- and part-time work (McCall, 1996, 1997) and indirectly via tests of thesproportionality assumption (=-=McCall, 1994-=-). Another has examined the time-varyingseffects of a reemployment bonus (and recall expectations) on joblessness (Anderson,s1992). Although there is some dispute about whether or not benefit exhausti...

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...et.spar. effect of unemployment insurance is statistically insignificant. He speculates that thesspikes are a function of rounding on the part of both insured and uninsured respondentss(on which, see =-=Poterba and Summers, 1984-=-; Sider, 1984). Note that Fallick reports timesvarying effects of UI on escape rates for those displaced workers who change industry.s4. As a robustness check, we also employed a Cox partial likelihoo...