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Empirical Inference with Equilibrium Search Models of the Labor Market

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  • Gerard J. van den Berg

    ()
    (Vrije Universiteit Amsterdam)

Abstract

This paper examines the use of equilibrium search models in the empiricalanalysis of labor markets. We survey the literature on structural estimationof these models with micro data on wages and durations, and we discuss theadvantages of the equilibrium approach, for policy analysis and forunderstanding a number of stylized facts that are hard to explain otherwise.During the past years, substantial progress has been made in terms of theexplanatory power of these models. We finish with a critical examination ofthe extent to which the approach can be fruitfully applied to (matchedworker-)firm data.

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Bibliographic Info

Paper provided by Tinbergen Institute in its series Tinbergen Institute Discussion Papers with number 98-089/3.

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Date of creation: 27 Aug 1998
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Handle: RePEc:dgr:uvatin:19980089

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  15. Pierre Konig & Gerard J van der Berg & Geert Ridder, 2000. "Semi-Nonparametric Estimation of an Equilibrium Search Model," Economics Working Paper Archive, The Johns Hopkins University,Department of Economics 424, The Johns Hopkins University,Department of Economics.
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  18. Koning, Pierre & Berg, Gerard J. van den & Ridder, Geert, 1998. "Semi-nonparametric estimation of an equilibrium search model," Serie Research Memoranda, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics 0003, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
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  32. van den Berg, Gerard J, 1992. "A Structural Dynamic Analysis of Job Turnover and the Costs Associated with Moving to Another Job," Economic Journal, Royal Economic Society, Royal Economic Society, vol. 102(414), pages 1116-33, September.
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