Offer Heterogeneity in a Two State Model of Sequential Search
The econometric method in the C. Flinn and J. Heckman (1982) study for estimating a Markovian model of search unem ployment and job tenure is further augmented by introducing a possibi lity that jobs may differ by separation rates or nonwage attributes. A set of reservation wages is obtained as a solution to the value fun ctions. Differences in reservation wages estimate the compensating no nwage utility differentials among jobs. The unemployment spell distri bution is characterized as one of competing risk based on which type of job is finally accepted. The model is implemented using data from the Employment Opportunities Pilot Project. Copyright 1988 by MIT Press.
Volume (Year): 70 (1988)
Issue (Month): 2 (May)
|Contact details of provider:|| Web page: http://mitpress.mit.edu/journals/|
|Order Information:||Web: http://mitpress.mit.edu/journal-home.tcl?issn=00346535|
When requesting a correction, please mention this item's handle: RePEc:tpr:restat:v:70:y:1988:i:2:p:259-65. 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: (Kristin Waites)
If references are entirely missing, you can add them using this form.