Measuring Productivity Differences in Equilibrium Search Models.

Equilibrium search models require unobserved heterogeneity in productivityto fit observed wage distribution data, but provide no guidance about the location parameter of the heterogeneity. In this paper we show that the location of the productivity heterogeneity implies a mode in a kernel density estimate of the wage distribution.

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Year of publication:	1996
Authors:	Lanot, G ; Neumann, G-R
Institutions:	School of Economics and Management, Institut for Økonomi
Subject:	STATISTICS \| ECONOMIC EQUILIBRIUM \| ECONOMIC MODELS \| WAGES \| LABOUR MARKET

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Series:	Centre for Labour Market and Social Research, Danmark-.
Type of publication:	Book / Working Paper
Notes:	20 pages
Classification:	C1 - Econometric and Statistical Methods: General ; C4 - Econometric and Statistical Methods: Special Topics ; J3 - Wages, Compensation, and Labor Costs ; J4 - Particular Labor Markets
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005675172