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Labor Economics 5th Edition by George Borjas
Edition 5ISBN: 978-0073511368Labor Economics 5th Edition by George Borjas
Edition 5ISBN: 978-0073511368 Exercise 21
Consider Table 610 of the 2008 U.S. Statistical Abstract.
(a) How many workers aged 20 or older were unemployed in the United States during 2006 How many of these were unemployed less than 5 weeks, 5 to 14 weeks, 15 to 26 weeks, and 27 or more weeks
(b) Assume that the average spell of unemployment is 2.5 weeks for anyone unemployed for less than 5 weeks. Similarly, assume the average spell is 10 weeks, 20 weeks, and 35 weeks for the remaining categories. How many weeks did the average unemployed worker remain unemployed What percent of total months of unemployment are attributable to the workers that remained unemployed for at least 15 weeks
(a) How many workers aged 20 or older were unemployed in the United States during 2006 How many of these were unemployed less than 5 weeks, 5 to 14 weeks, 15 to 26 weeks, and 27 or more weeks
(b) Assume that the average spell of unemployment is 2.5 weeks for anyone unemployed for less than 5 weeks. Similarly, assume the average spell is 10 weeks, 20 weeks, and 35 weeks for the remaining categories. How many weeks did the average unemployed worker remain unemployed What percent of total months of unemployment are attributable to the workers that remained unemployed for at least 15 weeks
Explanation
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a) As per table 610 of 2008 U.S. Statist...
Labor Economics 5th Edition by George Borjas
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