Download or read book Fitting Equilibrium Search Models to Labor Market Data written by Audra J. Bowlus and published by London : Department of Economics, University of Western Ontario. This book was released on 1995 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Using Firm Data to Asses the Performance of Equilibrium Search Models of the Labor Market written by Gerard J. van den Berg and published by . This book was released on 2000 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Using Firm Data to Assess the Performance of Equilibrium Search Models of the Labor Market written by Gerard J. van den Berg and published by . This book was released on 2000 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Labor Market Policies in an Equilibrium Search Model written by Fernando Alvarez and published by . This book was released on 1999 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Identifying Equilibrium Models of Labor Market Sorting written by Marcus Hagedorn and published by . This book was released on 2015 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt: Does the market allocate the right workers to the right jobs? Since observable (to economists) variables account for only a small fraction of the wage variance in the data, to answer this question it is essential to study assortative matching between employers and employees based on their unobserved characteristics. This paper enables this line of research. We show theoretically that all parameters of the classic model of sorting based on absolute advantage in Becker (1973) with search frictions can be identified using only matched employer-employee data on wages and labor market transitions. In particular, these data are sufficient to assess whether matching between workers and firms is assortative, whether sorting is positive or negative, and to measure the potential effect on output from moving any given worker to any given employer in the economy. We provide computational algorithms that implement our identification strategy given the limitations of the available data sets. Finally, we extend our identification and implementation strategies to the commonly used class of models of sorting based on comparative advantage and provide a test that discriminates between these models.
Download or read book Identifying equilibrium models of labor market sorting written by Marcus Hagedorn and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Does the market allocate the right workers to the right jobs? Since observable (to economists) variables account for only a small fraction of the wage variance in the data, to answer this question it is essential to study assortative matching between employers and employees based on their unobserved characteristics. This paper enables this line of research. We show theoretically that all parameters of the classic model of sorting based on absolute advantage in Becker (1973) with search frictions can be identified using only matched employer-employee data on wages and labor market transitions. In particular, these data are sufficient to assess whether matching between workers and firms is assortative, whether sorting is positive or negative, and to measure the potential effect on output from moving any given worker to any given employer in the economy. We provide computational algorithms that implement our identification strategy given the limitations of the available data sets. Finally, we extend our identification and implementation strategies to the commonly used class of models of sorting based on comparative advantage and provide a test that discriminates between these models.
Download or read book Essays on Equilibrium Labor Market Sorting written by Tzuo Hann Law and published by . This book was released on 2015 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt: The importance of time invariant, but unobserved characteristics of workers and their employers in the determination of wages is well known. This suggests that models of (un)employment featuring permanent worker and firm types are crucial for our understanding of labor markets. While such models are numerous, it was thought that even very simple ones were fundamentally not identifiable with wage data alone. Hence, the empirical content of these models were largely a mystery. With that, our understanding of permanent unobserved heterogeneity has been restricted to statistical models with limited economic interpretation. In the first chapter of my dissertation (joint with Marcus Hagedorn and Iourii Manovskii), I overcome this fundamental problem. I assess the empirical content of equilibrium models of labor market sorting based on unobserved (to economists) characteristics. Specifically, I develop quantitative tools to identify and estimate a wide class of models of labor market sorting. I not only find that many models are likely completely identifiable but that reliable estimates of key model primitives can be obtained using routinely available matched employer-employee datasets. In the second chapter of my dissertation (with Kory Kantenga), I apply the framework developed in the first chapter to study the role of worker and employer heterogeneity in driving German wage inequality between 1993 and 2007. The model I earlier developed fits overall wage variance, the wage function, search frictions, unemployment levels and the degree of sorting between workers and firms. The fit of the model is comparable to non-structural approaches which utilize many more degrees of freedom. In decomposing the rise in German wage inequality, I find that changes in the non-parametrically estimated production function and the sorting between worker and firm types that it induces accounts for most of the increase in German wage inequality. Finally, by testing whether log wage differences between employees who are coworkers at two distinct firms are constant, I show that the commonly assumed log additive separability approximation of log wages is rejected. Finally, the estimated model is capable of reproducing the degree of non additive separability in the data.
Download or read book Search Theory and Unemployment written by Stephen A. Woodbury and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: Search Theory and Unemployment contains nine chapters that survey and extend the theory of job search and its application to the problem of unemployment. The volume ranges from surveys of job search theory that take microeconomic and macroeconomic perspectives to original theoretical contributions which focus on the externalities arising from non-sequential search and search under imperfect information. It includes a clear and authoritative survey of econometric methods that have been developed to estimate models of job search, as well as two lucid contributions to the empirical search literature. Finally, it includes a study that reviews and extends the literature on optimal unemployment insurance and concludes with an appraisal of the influence of search theory on the thinking of macroeconomic policymakers.
Download or read book Labor Search and Matching in Macroeconomics written by Eran Yashiv and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Estimation of Equilibrium Wage Distributions with Heterogeneity written by Audra J. Bowlus and published by . This book was released on 1995 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Empirical Inference with Equilibrium Search Models of the Labor Market written by Gerard J. van den Berg and published by . This book was released on 1998 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Estimating Asymmetric Information Equilibrium Labor Market Models from Aggregate Time Series Data written by Kenneth Shang-Kai Lin and published by . This book was released on 1987 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Specification and Estimation of Equilibrium Search Models written by Henning Bunzel and published by . This book was released on 1997 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book New Developments in Models of Search in the Labour Market written by Dale Mortensen and published by . This book was released on 1999 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Empirical Equilibrium Search Model of the Labour Market written by Gerard J. van den Berg and published by . This book was released on 1993 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Wage Movements and the Labor Market Equilibrium Hypothesis written by Joseph G. Altonji and published by . This book was released on 1979 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Equilibrium Search with Continous Productivity Dispersion Theory and Non parametric Estimation written by Christian Bontemps and published by . This book was released on 1998 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
