Showing 1 - 10 of 52
The consumption literature uses adult equivalence scales to measure individual level inequality. This practice imposes the assumption that there is no within household inequality. In this paper, we show that ignoring consumption inequality within households produces misleading estimates of...
Persistent link: https://www.econbiz.de/10010293042
We develop an equilibrium model of on-the-job search with ex-ante heterogeneous workers and firms, aggregate uncertainty and vacancy creation. The model produces rich dynamics in which the distributions of unemployed workers, vacancies and worker-firm matches evolve stochastically over time. We...
Persistent link: https://www.econbiz.de/10010331003
We develop an empirical search-matching model which is suitable for analysing the wage, employment and welfare impact of regulation in a labour market with heterogeneous workers and jobs. To achieve this we develop an equilirium model of wage determination and employment which extends the...
Persistent link: https://www.econbiz.de/10010331008
This paper introduces an innovative test of search and matching models using the exogenous variation available in experimental data. We take an off-the-shelf search model and calibrate it to data on the control group from a randomized social experiment. We then simulate a program group from a...
Persistent link: https://www.econbiz.de/10011603346
This paper makes three contributions to the literature on program evaluation. First, we construct a model that is well-suited to conduct equilibrium policy experiments and we illustrate effectiveness of general equilibrium models as tools for the evaluation of social programs. Second, we...
Persistent link: https://www.econbiz.de/10011940637
The current literature on consumption inequality treats all adults within the household equally, making the implicit assumption that all consumption inequality is between, not within, households. However, increased marital sorting on earnings and the subsequent rise in the share of women's...
Persistent link: https://www.econbiz.de/10011940643
This paper introduces an innovative test of search and matching models using the exogenous variation available in experimental data. We take an off-the-shelf Pissarides matching model and calibrate it to data on the control group from a randomized social experiment. We then simulate a program...
Persistent link: https://www.econbiz.de/10011940692
In this paper we provide new and convincing evidence on the presence and magnitude of feedback effects associated with 'make work pay' policies currently under consideration in the US, Canada, the UK and other developed countries. We build a general equilibrium model of the labor market and use...
Persistent link: https://www.econbiz.de/10011940694
This paper makes three contributions to the literature on program evaluation. First, we construct a model that is well-suited to conduct equilibrium policy experiments and we illustrate effectiveness of general equilibrium models as tools for the evaluation of social programs. Second, we...
Persistent link: https://www.econbiz.de/10010276752
This paper introduces an innovative test of search and matching models using the exogenous variation available in experimental data. We take an off-the-shelf Pissarides matching model and calibrate it to data on the control group from a randomized social experiment. We then simulate a program...
Persistent link: https://www.econbiz.de/10010276768