Equilibrium Search Models and The Transition from School to Work

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Equilibrium Search Models and The Transition from School to Work

Author Info

Audra J. Bowlus (University of Western Ontario)
Nicholas M. Kiefer (Cornell University)
George R. Neumann (University of Iowa)

Additional information is available for the following registered author(s):

Audra J. Bowlus

Abstract

This paper applies an equilibrium search to study the transition from schooling to work of U.S. high school graduates. We consider the case where there is heterogeneity in firm productivity and the number of firm types is discrete. For this case the estimation problem is non-standard and the likelihood function is non-differentiable. This paper provides a computational method to obtain the MLE and, through several Monte Carlo studies, characterizes the behavior of the estimator. Applying these methods to the transition from school to work, our results show that nonemployed blacks receive fewer offers than whites and employed blacks are more likely to lose their jobs. Importantly, employed blacks and whites receive job offers at the same rate. However, the difference in job destruction rates is so great that it accounts for three-quarters of the black-white wage differential.

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Publisher Info
Paper provided by EconWPA in its series Labor and Demography with number 9705004.

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Length: 43 pages
Date of creation: 30 May 1997
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Handle: RePEc:wpa:wuwpla:9705004

Note: Type of Document - MS Word-V7; prepared on IBM PC ; to print on Windows; pages: 43 ; figures: included
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Article
- 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.
Paper
- 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.

Find related papers by JEL classification:
J - Labor and Demographic Economics

Cited by:
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Gadi Barlevy, 2003. "Estimating Models of On-the-Job Search Using Record Statistics," NBER Working Papers 10146, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
Other versions:
- Gadi Barlevy, 2004. "Estimating Models of On-the-Job Search Using Record Statistics," 2004 Meeting Papers 9, Society for Economic Dynamics. [Downloadable!]
- Gadi Barlevy, 2003. "Estimating models of on-the-job search using record statistics," Working Paper Series WP-03-18, Federal Reserve Bank of Chicago. [Downloadable!]
Bent Jesper Christensen & Rasmus Lentz & Dale T. Mortensen & George R. Neumann & Axel Werwatz, 2003. "On the Job Search and the Wage Distribution," CAM Working Papers 2004-09, University of Copenhagen. Department of Economics. Centre for Applied Microeconometrics. [Downloadable!]
Other versions:
- B.J. Christensen & D.T. Mortensen & G. Neumann & A. Werwatz, . "On the Job Search and the Wage Distribution," Sonderforschungsbereich 373 2000-108, Humboldt Universitaet Berlin.
- Bent Jesper Christensen & Rasmus Lentz & Dale T. Mortensen & George R. Neumann & Axel Werwatz, 2005. "On-the-Job Search and the Wage Distribution," Journal of Labor Economics, University of Chicago Press, vol. 23(1), pages 31-58, January. [Downloadable!]
J. Ignacio Garcia-Perez, 2002. "Equilibrium search models: the role of the assumptions," Investigaciones Economicas, Fundación SEPI, vol. 26(2), pages 255-284, May. [Downloadable!]
Other versions:
- Garcia-Perez, J.I., 1999. "Equilibrium Search Models: the Role of the Assumptions," Papers 9909, Centro de Estudios Monetarios Y Financieros-.
Berg, Gerard J. van den, 1999. "Multiple equilibria and minimum wages in labor markets with informational frictions and heterogeneous production technologies," Serie Research Memoranda 0044, Free University Amsterdam, Faculty of Economics, Business Administration and Econometrics. [Downloadable!]
Other versions:
- van den Berg, Gerard J., 2003. "Multiple Equilibria and Minimum Wages in Labor Markets with Informational Frictions and Heterogeneous Production Technologies," IZA Discussion Papers 806, Institute for the Study of Labor (IZA). [Downloadable!]
- Gerard J. van den Berg, 1999. "Multiple Equilibria and Minimum Wages in Labor Markets with Informational Frictions and Heterogeneous Production Technologies," Tinbergen Institute Discussion Papers 99-085/3, Tinbergen Institute. [Downloadable!]
- van den Berg, Gerard J, 2003. "Multiple Equilibria and Minimum Wages in Labour Markets with Informational Frictions and Heterogenous Production Technologies," CEPR Discussion Papers 3977, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
- Gerard J. van den Berg, 2003. "Multiple Equilibria and Minimum Wages in Labor Markets with Informational Frictions and Heterogeneous Production Technologies," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 44(4), pages 1337-1357, November. [Downloadable!] (restricted)
Joel L. Horowitz & Sokbae Lee, 2002. "Semiparametric Estimation of a Panel Data Proportional Hazards Model with Fixed Effects," 10th International Conference on Panel Data, Berlin, July 5-6, 2002 A5-3, International Conferences on Panel Data. [Downloadable!]
Other versions:
- Joel Horowitz & Sokbae 'Simon' Lee, 2002. "Semiparametric estimation of a panel data proportional hazards model with fixed effects," CeMMAP working papers CWP21/02, Centre for Microdata Methods and Practice, Institute for Fiscal Studies. [Downloadable!]
- Horowitz, Joel L. & Lee, Sokbae, 2004. "Semiparametric estimation of a panel data proportional hazards model with fixed effects," Journal of Econometrics, Elsevier, vol. 119(1), pages 155-198, March. [Downloadable!] (restricted)
Launov, Andrey & Wolff, Joachim & Klasen, Stephan, 2004. "Unemployment Benefits and Unemployment Rates of Low-Skilled and Elder Workers in West Germany: A Search Equilibrium Approach," IZA Discussion Papers 1161, Institute for the Study of Labor (IZA). [Downloadable!]
van der Klaauw, Bas & van Vuuren, Aico & Berkhout, Peter, 2005. "Labor market prospects search intensity and the transition from college to work," Working Paper Series 2005:9, IFAU - Institute for Labour Market Policy Evaluation. [Downloadable!]
Other versions:
- Bas van der Klaauw & Aico van Vuuren & Peter Berkhout, 2004. "Labor Market Prospects, Search Intensity and the Transition from College to Work," Tinbergen Institute Discussion Papers 04-064/3, Tinbergen Institute. [Downloadable!]
- van der Klaauw, Bas & van Vuuren, Aico & Berkhout, Peter, 2004. "Labor Market Prospects, Search Intensity and the Transition from College to Work," IZA Discussion Papers 1176, Institute for the Study of Labor (IZA). [Downloadable!]
Van den Berg, Gerard J., 2000. "Duration Models: Specification, Identification, and Multiple Durations," MPRA Paper 9446, University Library of Munich, Germany. [Downloadable!]
Other versions:
- Van den Berg, Gerard J., 2001. "Duration models: specification, identification and multiple durations," Handbook of Econometrics, in: J.J. Heckman & E.E. Leamer (ed.), Handbook of Econometrics, edition 1, volume 5, chapter 55, pages 3381-3460 Elsevier. [Downloadable!] (restricted)
Jim Taylor & Anh Ngoc Nguyen, 2003. "Transition from school to first job: the influence of educational attainment," Working Papers 000060, Lancaster University Management School, Economics Department. [Downloadable!]
Christian Holzner & Andrey Launov, 2005. "Search Equilibrium, Production Parameters and Social Returns to Education: Theory and Estimation," IZA Discussion Papers 1904, Institute for the Study of Labor (IZA). [Downloadable!]
Luca Flabbi, 2005. "Gender Discrimination Estimation in a Search Model with Matching and Bargaining," IZA Discussion Papers 1764, Institute for the Study of Labor (IZA). [Downloadable!]
Other versions:
- Luca Flabbi, . "Gender Discrimination Estimation in a Search Model with Matching and Bargaining," Working Papers gueconwpa~04-04-08, Georgetown University, Department of Economics. [Downloadable!]
- Luca Flabbi, 2004. "Gender Discrimination Estimation in a Search Model with Matching and Bargaining," 2004 Meeting Papers 367, Society for Economic Dynamics. [Downloadable!]
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:
- van den Berg, Gerard J, 1999. "Empirical Inference with Equilibrium Search Models of the Labour Market," Economic Journal, Royal Economic Society, vol. 109(456), pages F283-306, June. [Downloadable!] (restricted)
Launov, Andrey, 2003. "A Study of the Austrian Labor Market Dynamics Using a Model of Search Equilibrium," IZA Discussion Papers 801, Institute for the Study of Labor (IZA). [Downloadable!]

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