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Empirical Search Models

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  • Steven Stern

    ()

  • John Pepper

    ()

Abstract

This chapter discusses various methods that have been used to estimate structural models of search and survival models. Most of the focus is on using available data, usually on unemployment spell lengths and accepted wage o¤ers, to estimate the parameters of speci…c search models. In particular, we focus on estimating the parameters of the wage o¤er distribution, the reservation wage or reservation wage function, the cost of search, o¤er arrival rate, and discount rate. There is an added section on survival models because survival models have been used so extensively to look at unemployment spell data.

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File URL: http://www.virginia.edu/economics/RePEc/vir/virpap/papers/virpap383.pdf
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Bibliographic Info

Paper provided by University of Virginia, Department of Economics in its series Virginia Economics Online Papers with number 383.

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Length: 34 pages
Date of creation: Jun 2001
Date of revision:
Handle: RePEc:vir:virpap:383

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Web page: http://www.virginia.edu/economics/home.html

Related research

Keywords: empirical search;

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References

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  1. Christensen, Bent Jesper & Kiefer, Nicholas M, 1994. "Measurement Error in the Prototypal Job-Search Model," Journal of Labor Economics, University of Chicago Press, University of Chicago Press, vol. 12(4), pages 618-39, October.
  2. Bowlus, A-J & Kiefer, N-M & Neumann, G-R, 1996. "Fitting Equilibrium Search Models to Labor Market Data," UWO Department of Economics Working Papers, University of Western Ontario, Department of Economics 9601, University of Western Ontario, Department of Economics.
  3. Christensen, Bent Jesper & Kiefer, Nicholas M., 1991. "The Exact Likelihood Function for an Empirical Job Search Model," Econometric Theory, Cambridge University Press, Cambridge University Press, vol. 7(04), pages 464-486, December.
  4. Narendranathan, Wiji & Nickell, Stephen, 1985. "Modelling the process of job search," Journal of Econometrics, Elsevier, Elsevier, vol. 28(1), pages 29-49, April.
  5. Jensen, Peter & Westergard-Nielsen, Niels C, 1987. "A Search Model Applied to the Transition from Education to Work," Review of Economic Studies, Wiley Blackwell, Wiley Blackwell, vol. 54(3), pages 461-72, July.
  6. 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., John Wiley & Sons, Ltd., vol. 10(S), pages S119-31, Suppl. De.
  7. McCall, Brian P, 1996. "Unemployment Insurance Rules, Joblessness, and Part-Time Work," Econometrica, Econometric Society, Econometric Society, vol. 64(3), pages 647-82, May.
  8. Flinn, C. & Heckman, J., 1982. "New methods for analyzing structural models of labor force dynamics," Journal of Econometrics, Elsevier, Elsevier, vol. 18(1), pages 115-168, January.
  9. Moffitt, Robert, 1985. "Unemployment insurance and the distribution of unemployment spells," Journal of Econometrics, Elsevier, Elsevier, vol. 28(1), pages 85-101, April.
  10. Kennan, John, 1985. "The duration of contract strikes in U.S. manufacturing," Journal of Econometrics, Elsevier, Elsevier, vol. 28(1), pages 5-28, April.
  11. 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., John Wiley & Sons, Ltd., vol. 10(S), pages S133-51, Suppl. De.
  12. Sueyoshi, Glenn T., 1992. "Semiparametric proportional hazards estimation of competing risks models with time-varying covariates," Journal of Econometrics, Elsevier, Elsevier, vol. 51(1-2), pages 25-58.
  13. Gunderson, Morley & Melino, Angelo, 1990. "The Effects of Public Policy on Strike Duration," Journal of Labor Economics, University of Chicago Press, University of Chicago Press, vol. 8(3), pages 295-316, July.
  14. Gritz, R. Mark, 1993. "The impact of training on the frequency and duration of employment," Journal of Econometrics, Elsevier, Elsevier, vol. 57(1-3), pages 21-51.
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Cited by:
  1. Sullivan, Paul, 2006. "A Dynamic Analysis of Educational Attainment, Occupational Choices, and Job Search," MPRA Paper 3896, University Library of Munich, Germany, revised Jun 2007.
  2. Paul E. Carrillo, 2005. "Assessing the Value of On-line Information Using a Two-sided Equilibrium Search Model in the Real Estate Market," Computing in Economics and Finance 2005, Society for Computational Economics 307, Society for Computational Economics.

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