Job Search in a Dynamic Environment--An Empirical Analysis
AbstractA dynamic job search model which allows us to distinguish various effects, such as 'offer' probability effects and leisure effects, on an individual's behavior is presented and estimated. We find that: (1) there is disutility from being unemployed, especially after the first three months of unemployment; (2) income receipts other than unemployment benefits and earnings have only a very small effect on the behavior; (3) the conditional probability of leaving unemployment shows no sign of decreasing with duration; (4) the elasticity of expected duration with respect to unemployment benefits in the first three months of the spell is 0.18 for teenage men, 0.13-0.14 for men aged 20-44, 0.08 for men aged 45-54, and 0.06 for men over 55, giving an overall average of 0.12; and (5) these elasticities are zero after the first three months of the spell. Copyright 1993 by Royal Economic Society.
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Bibliographic InfoArticle provided by Oxford University Press in its journal Oxford Economic Papers.
Volume (Year): 45 (1993)
Issue (Month): 1 (January)
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Other versions of this item:
- Narendranathan, W., 1989. "Job Search In A Dynamic Environment An Empirical Analysis," Papers, London School of Economics - Centre for Labour Economics 357, London School of Economics - Centre for Labour Economics.
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