Equilibrium search models are useful tools for the evaluation of labor market policies. Recently developed equilibrium search models of the labor market are able to fit the wage distribution perfectly with longitudinal labor supply data, by estimating an appropriate distribution of labor...

In the Netherlands, students who want to become a medical specialist have to enrol in a training program which is in limited supply. During the search for a position as trainee (or "junior medical specialist"), they may accept a temporary job as a medical assistant. We use a micro dataset to...

We combine micro and macro unemployment duration data to study the effects of the business cycle on the outflow from unemployment. We allow the cycle to affect individual exit probabilities of unemployed workers as well as the composition of the total inflow into unemployment. We estimate the...

In the past decades several features of U.S. unemployment dynamics have been investigated empirically. The original focus of research was on the duration of unemployment. In later studies the cyclicality of incidence and duration, compositional effects and duration dependence of the exit rate...

We analyze the impact of unemployment benefits and minimum wages using an equilibrium search model which allows for dispersion of benefits and productivity levels, job-to-job transitions, and structural and frictional unemployment. The estimation method uses readily available aggregate data on...

This paper considers labour supply and demand shocks in a simple flow model of the labour market. We explicitly model the propagation of shocks and the adjustment mechanisms. By way of simulations we explore the extent of labour market hysteresis arising from negative duration dependence and the...

This paper analyses employers’ recruitment strategies (in terms of search channel used, and applicants’ characteristics) in response to different conditions on the relevant regional labour market. In particular we were able to formulate two hypotheses on the nature of the adjustments: (1)...

This paper studies worker displacement in the Netherlands. We discuss the relevant institutions, and we analyze the incidence and consequences of displacement. In the next stage of the project this paper will be merged with the corresponding paper on the US.

This study presents an empirical analysis of the influence of labour market flows on wage and price formation. A system of wage, price and employment equations in the vein of Nickell (1987) is estimated including labour flows as explanatory variables. A combination of the flow of layoffs (flow...

This study presents an explorative econometric analysis of the influence of labour market flows on wage formation. It applies the vector cointegration and common trends methodology of Johansen (1995). According to this approach, a combination of the flow of layoffs (flow from employment to...