Modeling Unemployment Duration in Slovenia using Cox Regression Models |
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Authors: | Darja Boršič Alenka Kavkler |
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Institution: | (1) Faculty of Economics and Business, University of Maribor, Maribor, Slovenia |
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Abstract: | This paper applies the semi-parametric Cox regression approach to model unemployment duration in Slovenia. The empirical analysis
is based on a comprehensive dataset that consists of all unemployment spells in Slovenia from 2002 to 2005. The impact of
the variables age, gender, level of education, and region on the hazard ratio is discussed. It takes longer for female and
older unemployed persons to find a job and on average the duration of unemployment decreases with increasing level of education.
Surprisingly, unemployed persons with a professional college degree or a bachelor’s degree are better off than unemployed
persons with a master’s degree. A comparison of the Cox proportional hazards model and the Cox regression model with a time-dependent
covariate reveals that the more appropriate model with a time-dependent covariate places greater emphasis on higher levels
of education.
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Keywords: | Survival analysis Cox regression model Unemployment duration |
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