Dube, Arindrajit; Lester, T. William; Reich, Michael - Institut zur Zukunft der Arbeit <Bonn> - 2011
We measure labor market frictions using a strategy that bridges design-based and structuralapproaches: estimating an equilibrium search model using reduced-form minimum wageelasticities identified from border discontinuities and fitted with Bayesian and LIML methods.We begin by providing the...