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A structural model of aggregate US job flows: another look*

* This paper is a replication of an original study

Author

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  • Philipp Schmidt-Dengler

    (Department of Economics, Yale University, New Haven CT 06511, USA)

Abstract

A recent article (Collard et al., 2002) published in this journal presented a structural model of aggregate job flows. Unrestricted estimation of the model yields parameter estimates that would imply an unemployment rate of 99%. Instead of solving this problem by fixing one of the parameters, as originally attempted by the authors, I add moments regarding the employment rate. The new results call for a re-evaluation of the model. Copyright © 2003 John Wiley & Sons, Ltd.

Suggested Citation

  • Philipp Schmidt-Dengler, 2003. "A structural model of aggregate US job flows: another look," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 18(1), pages 113-118.
    • Handle: RePEc:jae:japmet:v:18:y:2003:i:1:p:113-118
    DOI: 10.1002/jae.702
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    References listed on IDEAS

    as
    1. Lee, Bong-Soo & Ingram, Beth Fisher, 1991. "Simulation estimation of time-series models," Journal of Econometrics, Elsevier, vol. 47(2-3), pages 197-205, February.
    2. Mortensen, Dale & Pissarides, Christopher, 2011. "Job Creation and Job Destruction in the Theory of Unemployment," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 1, pages 1-19.
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    7. Fabrice Collard & Patrick Fève & François Langot & Corinne Perraudin, 2002. "A structural model of US aggregate job flows," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 17(3), pages 197-223.
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    Replication

    This item is a replication of:
  • Fabrice Collard & Patrick Fève & François Langot & Corinne Perraudin, 2002. "A structural model of US aggregate job flows," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 17(3), pages 197-223.

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