Social and private returns to education are computed using the structural estimates of an extended Burdett-Mortensen search equilibrium model. The extension includes different skill groups linked via a production function with variable degree of homogeneity, allowing thereby for a unimodal...

Social and private returns to education are computed using the structural estimates of an extended Burdett-Mortensen search equilibrium model. The extension includes different skill groups linked via a production function with variable degree of homogeneity, allowing thereby for a unimodal...

We develop and estimate a structural non-stationary econometric model of job search with monitoring of search effort and sanctions. The earliest moment of the first monitoring is announced several months in advance and the judgement of the caseworker is based on cumulated search effort over a...