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Equilibrium Search Models: the Role of the Assumptions Author info | Abstract | Publisher info | Download info | Related research | Statistics Garcia-Perez, J.I.
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This paper presents the most recent literature about Equilibrium Search Models with wage posting. Starting with the basic Burdett and Mortensen (1998) model, I describe the main consequences of departing from its two main assumptions: random matching and a linear production function. I show how the specific modeling of either the production or the matching technology can affect the results regarding the distribution function of offered wages. The main empirical results from the structural estimations of these models are also introduced and discussed
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Paper provided by Centro de Estudios Monetarios Y Financieros- in its series Papers with number
9909.
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Length: 34 pages
Date of creation: 1999Date of revision:
Handle: RePEc:fth:cemfdt:9909Contact details of provider: Postal: Centro de Estudios Monetarios Y Financieros. Casado del Alisal, 5-28014 Madrid, Spain. Phone: 914290551 Fax: 914291056 Email: Web page: http://www.cemfi.es/ More information through EDIRC
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Keywords: ECONOMIC MODELS ; Other versions of this item:
Find related papers by JEL classification: C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.:
Gerard J. van den Berg, 1998.
"Empirical Inference with Equilibrium Search Models of the Labor Market ,"
Tinbergen Institute Discussion Papers
98-089/3, Tinbergen Institute.
[Downloadable!]
Other versions: Burda, Michael & Wyplosz, Charles, 1994.
"Gross worker and job flows in Europe ,"
European Economic Review ,
Elsevier, vol. 38(6), pages 1287-1315, June.
[Downloadable!] (restricted)
Other versions: Bowlus, Audra J & Kiefer, Nicholas M & Neumann, George R, 2001.
"Equilibrium Search Models and the Transition from School to Work ,"
International Economic Review ,
Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 42(2), pages 317-43, May.
Other versions:
Audra J. Bowlus & Nicholas M. Kiefer & George R. Neumann, 1997.
"Equilibrium Search Models and The Transition from School to Work ,"
Labor and Demography
9705004, EconWPA.
[Downloadable!] Bowlus, A.J. & Kiefer, N.M. & Neumann, G.R., 1997.
"Equilibrium Search Models and The Transition from School to Work ,"
Working Papers
97-05, University of Iowa, Department of Economics.
Koning, Pierre & Ridder, Geert & van den Berg, Gerard J, 1995.
"Structural and Frictional Unemployment in an Equilibrium Search Model with Heterogeneous Agents ,"
Journal of Applied Econometrics ,
John Wiley & Sons, Ltd., vol. 10(S), pages S133-51, Suppl. De.
[Downloadable!] (restricted)
Other versions: Albrecht, James W & Axell, Bo, 1984.
"An Equilibrium Model of Search Unemployment ,"
Journal of Political Economy ,
University of Chicago Press, vol. 92(5), pages 824-40, October.
[Downloadable!] (restricted)
Other versions: Dale T. Mortensen & Tara Vishwanath, 1991.
"Information Sources and Equilibrium Wage Outcomes ,"
Discussion Papers
948, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
[Downloadable!]
Bowlus, Audra J & Kiefer, Nicholas M & Neumann, George R, 1995.
"Estimation of Equilibrium Wage Distributions with Heterogeneity ,"
Journal of Applied Econometrics ,
John Wiley & Sons, Ltd., vol. 10(S), pages S119-31, Suppl. De.
[Downloadable!] (restricted)
Mortensen, D.T., 1998.
"Equilibrium Unemployment with Wage Posting: Burdett-Mortensen Meet Pissarides ,"
Papers
98-14, Centre for Labour Market and Social Research, Danmark-.
Kenneth Burdett & Dale T. Mortensen, 1989.
"Equilibrium Wage Differentials and Employer Size ,"
Discussion Papers
860, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
[Downloadable!]
Mortensen, Dale T & Pissarides, Christopher A, 1994.
"Job Creation and Job Destruction in the Theory of Unemployment ,"
Review of Economic Studies ,
Blackwell Publishing, vol. 61(3), pages 397-415, July.
[Downloadable!] (restricted)
Other versions: Mortensen, Dale T. & Pissarides, Christopher A., 1999.
"New developments in models of search in the labor market ,"
Handbook of Labor Economics ,
in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 3, chapter 39, pages 2567-2627
Elsevier.
[Downloadable!] (restricted)
Other versions: Burdett, Kenneth & Vishwanath, Tara, 1988.
"Balanced Matching and Labor Market Equilibrium ,"
Journal of Political Economy ,
University of Chicago Press, vol. 96(5), pages 1048-65, October.
[Downloadable!] (restricted)
Fabien Postel-Vinay & Jean-Marc Robin, 2002.
"The Distribution of Earnings in an Equilibrium Search Model with State-Dependent Offers and Counteroffers ,"
International Economic Review ,
Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 43(4), pages 989-1016, November.
[Downloadable!] (restricted)
Bontemps, C. & Robin, J.M. & van den Berg, G.J., 1998.
"Equilibrium Search with Continuous Productivity Dispersion: Theory and Non-Parametric Estimation ,"
Papers
98-07, Centre for Labour Market and Social Research, Danmark-.
Other versions:
Bontemps, Christian & Robin, Jean-Marc & van den Berg, Gerard J, 2000.
"Equilibrium Search with Continuous Productivity Dispersion: Theory and Nonparametric Estimation ,"
International Economic Review ,
Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 41(2), pages 305-58, May.
Gregg, Paul & Manning, Alan, 1997.
"Skill-biassed change, unemployment and wage inequality ,"
European Economic Review ,
Elsevier, vol. 41(6), pages 1173-1200, June.
[Downloadable!] (restricted)
Dale Mortensen, 1984.
"Job Search and Labor Market Analysis ,"
Discussion Papers
594, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
[Downloadable!]
Other versions: Alan Manning, 1993.
"Endogenous Labour Market Segmentation in a Matching Model ,"
CEP Discussion Papers
dp0126, Centre for Economic Performance, LSE.
Diamond, Peter A., 1971.
"A model of price adjustment ,"
Journal of Economic Theory ,
Elsevier, vol. 3(2), pages 156-168, June.
[Downloadable!] (restricted)
Steven J. Davis & John C. Haltiwanger & Scott Schuh, 1998.
"Job Creation and Destruction ,"
MIT Press Books ,
The MIT Press,
edition 1, volume 1, number 0262540932.
Dale T. Mortensen, 1988.
"Equilibrium Wage Distrihutions: A Synthesis ,"
Discussion Papers
811, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
[Downloadable!]
Bontemps, Christian & Robin, Jean-Marc & Van den Berg, Gerard J, 1999.
"An Empirical Equilibrium Job Search Model with Search on the Job and Heterogeneous Workers and Firms ,"
International Economic Review ,
Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 40(4), pages 1039-74, November.
Jean-Marc Robin ; Sébastien Roux_, .
"Random or Balanced Matching : An Equilibrium Search Model with Endogenous Capital and Two-Sided Search ,"
Working Papers
98-38, Centre de Recherche en Economie et Statistique.
[Downloadable!]
Gerard J. van den Berg & Geert Ridder, 1998.
"An Empirical Equilibrium Search Model of the Labor Market ,"
Econometrica ,
Econometric Society, vol. 66(5), pages 1183-1222, September.
Other versions: Shadman-Mehta, Fatemeh & Sneessens, Henri R., 1995.
"Skill Demand and Factor Substitution ,"
CEPR Discussion Papers
1279, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted)
Burdett, Kenneth & Mortensen, Dale T, 1998.
"Wage Differentials, Employer Size, and Unemployment ,"
International Economic Review ,
Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 39(2), pages 257-73, May.
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