Adapting the optimal job search model for active labour market policy
The structural theoretical framework for the analysis of duration of unemployment has been the optimal job search model. Recent advances in computational techniques in Bayesian inference now facilitate the analysis of incomplete data sets and the recovery of structural model parameters. The paper uses these methods on a UK data set of the long-term unemployed to illustrate how the optimal job search model can be adapted to model the effects of an active labour market policy. Without such an adaptation our conclusion is that the simple optimal job search model may not fit empirical unemployment data and could thus lead to a misspecified econometric model and incorrect parameter estimates. Copyright 2007 Royal Statistical Society.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 170 (2007)
Issue (Month): 3 ()
|Contact details of provider:|| Postal: |
Web page: http://wileyonlinelibrary.com/journal/rssa
More information through EDIRC
|Order Information:||Web: http://ordering.onlinelibrary.wiley.com/subs.asp?ref=1467-985X&doi=10.1111/(ISSN)1467-985X|
When requesting a correction, please mention this item's handle: RePEc:bla:jorssa:v:170:y:2007:i:3:p:759-779. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing)or (Christopher F. Baum)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.