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Table 1 Covariance contributions to steady state unemployment variance

From: Unemployment dynamics and the Beveridge curve in Greece

β

Transition rate

 

β s

Inflow rate to unemployment

0.58

β f

Outflow rate from unemployment

0.41

β EU

Job separation rate

0.39

β UE

Job finding rate

0.35

β EIU

Inflow via inactivity

0.19

β UIE

Outflow via inactivity

0.06

  1. Notes: The sum of β s (= β EU + β EIU) and β f (= β UE+ β UIE) do not add up to one due to the approximation error. Source: LFS, 2001 Q1 -2015 Q2