Modeling labour force careers for the lifepaths simulation model

We estimate the parameters of a stochastic model for labour force careers involving distributions of correlated durations employed, unemployed (with and without job search) and not in the labour force. If the model is to account for sub-annual labour force patterns as well as advancement towards retirement, then no single data source is adequate to inform it. However, it is possible to build up an approximation from a number of different sources.