Homework Answers
Answer:
Total flows out of unemployment = [2 + 1.9] / 8.8 = 44.32%
Average duration of unemployment = 1 / Total flows out of unemployment = 1/44.32%
= 100 / 44.32 = 2.25 months
Total flows into the labor force = [3.7 + 2] / [8.8 + 139] = 3.85%
Total flows into the labor force = [1.9 + 3.4] / [8.8 + 139] = 3.58%
Total flows into and out of the labor force = 3.85% + 3.58% = 7.43%
1.
a. b. c. d.
Answer the following questions using the information provided in this chapter.
As a percentage of the employed workers, what is the size of the flows into and out of employment (i.e., hires and separations) each month?
As a percentage of the unemployed workers, what is the size of the flows from unemployment into employment each month?
As a percentage of the unemployed, what is the size of the total flows out of unemployment each month? What is the average duration of unemployment?
As a percentage of the labor force, what is the size of the total flows into and out of the labor force each month?
e.In the text, we say that there is an average of 400,000 new workers entering the labor force each month. What percentage of total flows into the labor force do new workers entering the labor force constitute?
Answer:
(Monthly hires + monthly separations)/monthly employment=(5.4+5.4)/132.4=8.1%
2.1/8.4=25%
(2.1+1.9)/8.4=47.6%. Duration is 1/0.476 or 2.1 months.
(3.6+3.3+1.9+1.8)/(132.4+8.4)=7.5%.
new workers: 0.4/(3.3+1.8)=7.8%.
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