Using Firm Data to assess the Performance of Equilibrium Search Models of the Labor Market
AbstractEquilibrium search models are useful tools for the evaluation oflabor market policies. Recently developed equilibrium search models of thelabor market are able to fit the wage distribution perfectly with longitudinallabor supply data, by estimating an appropriate distribution of laborproductivity across firms. This paper formally compares such structuralestimates to their directly observed counterparts in firm data. More generally,we investigate the extent to which these models are able to explain theobserved distributions of wages, productivities and firm sizes across firms, aswell as the extent to which they are able to explain the observed relationshipsbetween these variables across firms. The parameters that capture searchfrictions are estimated with worker data that are matched to the firm data.
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Bibliographic InfoPaper provided by Tinbergen Institute in its series Tinbergen Institute Discussion Papers with number 00-067/3.
Date of creation: 31 Jul 2000
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Other versions of this item:
- Gérard VAN DEN BERG & Aïco VAN VUUREN, 2002. "Using Firm Data to Assess the Performance of Equilibrium Search Models of the Labor Market," Annales d'Economie et de Statistique, ENSAE, issue 67-68, pages 227-256.
- Berg, Gerard J. van den & Vuuren, Aico van, 2000. "Using firm data to assess the performance of equilibrium search models of the labor market," Serie Research Memoranda 0023, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
- J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
- J42 - Labor and Demographic Economics - - Particular Labor Markets - - - Monopsony; Segmented Labor Markets
- J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
- C41 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Duration Analysis; Optimal Timing Strategies
This paper has been announced in the following NEP Reports:
- NEP-ALL-2000-09-18 (All new papers)
- NEP-DGE-2000-09-18 (Dynamic General Equilibrium)
- NEP-IND-2000-09-18 (Industrial Organization)
- NEP-LAB-2000-09-18 (Labour Economics)
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