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Estimating a Simultaneous Search Model

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Author Info
Stern, Steven

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Abstract

The primary goal of this article is to specify and estimate a structural simultaneous search model and then determine the empirical importance of simultaneous search. The results indicate that new labor force entrants search simultaneously. A secondary goal is to identify and estimate job offer arrival rates and wage offer rejection probabilities separately. The results indicate that a significant portion of unemployment spells are caused by slow arrival rates, but policies intended to speed arrival rates would increase the average length of unemployment spells. Copyright 1989 by University of Chicago Press.

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Publisher Info
Article provided by University of Chicago Press in its journal Journal of Labor Economics.

Volume (Year): 7 (1989)
Issue (Month): 3 (July)
Pages: 348-69
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Handle: RePEc:ucp:jlabec:v:7:y:1989:i:3:p:348-69

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This page was last updated on 2009-10-24.

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