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Search Models and Duration Data

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  • George R. Neumann

    (University of Iowa)

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    SEARCH MODELS AND DURATION DATA By George R. Neumann* Contents 1. Introduction p. 1 2. Duration Distributions p. 3 2.1 Survivor, density, and hazard functions 2.2 Censoring Mechanisms 2.3 Nonparametric estimation 2.4 Parametric estimation 2.5 Sampling Issues 3. Econometric Models for Durations p. 17 3.1 Parametric Specifications 3.1a Specification Tests 3.2 Semiparametric Specifications 3.2.a Proportional Hazard Models 3.2.b Accelerated Failure Time Models 3.2.c Specification Tests 3.2.d Semiparametric Estimation of Strike Durations 3.3 Time Varying Covariates 3.4 Unmeasured Heterogeneity 4. Search Theory and Duration Models p. 46 4.1 Search Theory 4.2 First Generation Search Models 4.3 Second Generation Search Models 4.4 Multiple State Duration Models 4.5 Equilibrium Search Models 5. Summary p. 71 6. References p. 73

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    Paper provided by EconWPA in its series Labor and Demography with number 9511001.

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    Date of creation: 02 Nov 1995
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    Handle: RePEc:wpa:wuwpla:9511001

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    1. Diamond, Peter A., 1971. "A model of price adjustment," Journal of Economic Theory, Elsevier, vol. 3(2), pages 156-168, June.
    2. Christensden, B. & Kiefer, N., 1990. "The Exact Likelihood Function for an Empirical Job Search Model," Discussion Paper 1990-17, Tilburg University, Center for Economic Research.
    3. Bergstrom, R & Edin, P-A, 1992. "Time Aggregation and the Distributional Shape of Unemployment Duration," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 7(1), pages 5-30, Jan.-Marc.
    4. Richard J. Butler & Ronald G. Ehrenberg, 1981. "Estimating the narcotic effect of public sector impasse procedures," Industrial and Labor Relations Review, ILR Review, Cornell University, ILR School, vol. 35(1), pages 3-20, October.
    5. Burdett, Kenneth & Kiefer, Nicholas M. & Sharma, Sunil, 1985. "Layoffs and duration dependence in a model of turnover," Journal of Econometrics, Elsevier, vol. 28(1), pages 51-69, April.
    6. Chesher, Andrew & Spady, Richard, 1991. "Asymptotic Expansions of the Information Matrix Test Statistic," Econometrica, Econometric Society, vol. 59(3), pages 787-815, May.
    7. 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.
    8. 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.
    9. Devine, Theresa J. & Kiefer, Nicolas M., 1991. "Empirical Labor Economics: The Search Approach," OUP Catalogue, Oxford University Press, number 9780195059366.
    10. Kathleen P. Classen, 1977. "The effect of unemployment insurance on the duration of unemployment and subsequent earnings," Industrial and Labor Relations Review, ILR Review, Cornell University, ILR School, vol. 30(4), pages 438-444, July.
    11. Anderson, Patricia M & Meyer, Bruce D, 1993. "Unemployment Insurance in the United States: Layoff Incentives and Cross Subsidies," Journal of Labor Economics, University of Chicago Press, vol. 11(1), pages S70-95, January.
    12. repec:cup:etheor:v:7:y:1991:i:4:p:464-86 is not listed on IDEAS
    13. Killingsworth,Mark R., 1984. "Labor Supply," Cambridge Books, Cambridge University Press, number 9780521299169, October.
    14. Atkinson, A. B. & Gomulka, J. & Micklewright, J. & Rau, N., 1984. "Unemployment benefit, duration and incentives in Britain : How robust is the evidence?," Journal of Public Economics, Elsevier, vol. 23(1-2), pages 3-26.
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