Berkhout, Peter; van der Klaauw, Bas; van Vuuren, Aico - C.E.P.R. Discussion Papers - 2004
In this Paper, we develop a structural model for the job search behaviour of students entering the labour market. The … model includes endogenous search effort and on-the-job searches. Since students usually do not start a regular job before … graduation but start job searches earlier, our model is non-stationary even if all structural parameters are constant. The model …