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An Empirical Equilibrium Job Search Model with Search on the Job and Heterogeneous Workers and Firms

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  • Bontemps, Christian
  • Robin, Jean-Marc
  • Van den Berg, Gerard J

Abstract

In this article we present and estimate a synthesis of previous equilibrium search models, allowing for continuous distributions of workers' opportunity costs of employment as well as firms' productivities. The model allows for on-the-job search, and we assume that job offer arrival rates for workers are independent of their labor-market state. We derive the theoretical implications of these assumptions, we provide simulations, and we develop a semiparametric estimation procedure that we apply to a dataset of individual labor-market histories. Copyright 1999 by Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association.

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Bibliographic Info

Article provided by Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association in its journal International Economic Review.

Volume (Year): 40 (1999)
Issue (Month): 4 (November)
Pages: 1039-74

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Handle: RePEc:ier:iecrev:v:40:y:1999:i:4:p:1039-74

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