Empirical Inference With Equilibrium Search Models Of The Labour Market  

Oleh:

Berg, Gerard J. Van Den

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Economic Journal (EBSCO) vol. 109 no. 456 (Jun. 1999), page 283-306.
Topik: empirical; equilibium
Fulltext: 283.pdf (231.33KB)

Isi artikel

This paper examines the use of equilibrium search models in the empirical analysis of labour markets. We survey the literature on structural estimation of these models with micro data on wages and durations, and we discuss the advantages of this approach for policy analysis and for obtaining a better understanding of the labour market. During the past ten years, substantial progress has been made in terms of the explanatory power of these models. We ®nish with a critical examination of the extent to which the approach can be fruitfully applied to (matched worker-) ®rm data.

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