Becoming unemployed and poor in Great Britain |
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Authors: | Alexander Plum |
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Institution: | Otto von Guericke University Magdeburg, Magdeburg, Germany |
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Abstract: | In this study on Great Britain, we estimate the labour market and income process of prime-aged men simultaneously and control for spillover effects. Evidence is presented that the risk of becoming unemployed and poor increases with the duration of unemployment and decreases with the duration of employment. Moreover, the experience of poverty influences the labour market and income prospects negatively, though on a much smaller scale than does the labour market position. |
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Keywords: | Unemployment poverty state dependence bivariate random-effects probit model British Household Panel Survey (BHPS) |
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