An empirical equilibrium search model of the labour market
The authors investigate whether an equilibrium search model, in which the wage offer distribution is endogenous, is able to describe observed labor market histories. They find that the distributions of job and unemployment spells are consistent with the data, and qualitative predictions of the model for the wages set by employers are confirmed. The authors distinguish between separate segments of the labor market, and they show that productivity heterogeneity is important to obtain an acceptable fit to the data. The results are used to estimate the firms' monopsony power. The effects of changes in the mandatory minimum wage are examined.
(This abstract was borrowed from another version of this item.)
|Date of creation:||1993|
|Date of revision:|
|Contact details of provider:|| Web page: http://www.feweb.vu.nl|
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:vua:wpaper:1993-39. 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: (R. Dam)
If references are entirely missing, you can add them using this form.