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Equilibrium Search Models and The Transition from School to Work

Author

Listed:
  • Bowlus, A.J.
  • Kiefer, N.M.
  • Neumann, G.R.

    () (University of Iowa)

Abstract

This paper applies an equilibrium search to study the transition from schooling to work of US 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.

Suggested Citation

  • 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.
  • Handle: RePEc:uia:iowaec:97-05
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    Keywords

    ECONOMIC EQUILIBRIUM ; ECONOMIC MODELS ; JOB SEARCHING ; WAGES ; STATISTICS;

    JEL classification:

    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
    • J3 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs
    • C41 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Duration Analysis; Optimal Timing Strategies

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