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causal relationship from homeownership to unemployment. The literature confirms a decreasing effect of homeownership on … geographical mobility of workers, but does not in general confirm that homeowners have longer unemployment spells or higher … unemployment rates. Even though this finding is related to heterogeneity in the labour force and associated selectivity effects …
Persistent link: https://www.econbiz.de/10011372497
In this paper we determine the feasibility of using data from thePanel Study of Income Dynamics to estimate the Burdett-Mortensengeneral equilibrium search model. The data contain sufficientinformation on wages, labor force states, durations, and transitionsto generate estimates of the model's...
Persistent link: https://www.econbiz.de/10011299964
firms can explain the relatively high level of unemployment amongstlower educated workers and the relatively strong … level of education can notexplain the stronger cyclicality of the unemployment rate for lower educatedworkers. We conclude …
Persistent link: https://www.econbiz.de/10011300551
It is often argued that a mandatory minimum wage is binding only if the wage density displays a spike at it. In this paper we analyze a model with wage setting, search frictions, and heterogeneous production technologies, in which imposition of a minimum wage affects wages even though, after...
Persistent link: https://www.econbiz.de/10011302622
We present a structural framework for the evaluation of public policies intended to increase job search intensity. Most of the literature defines search intensity as a scalar that influences the arrival rate of job offers; here we treat it as the number of job applications that workers send out....
Persistent link: https://www.econbiz.de/10011372979
pattern of searchunemployment does not match observed unemployment and we propose a new conceptof 'voluntary' unemployment …
Persistent link: https://www.econbiz.de/10011333255
Persistent link: https://www.econbiz.de/10003643974
Persistent link: https://www.econbiz.de/10000122514
This paper examines the use of equilibrium search models in the empiricalanalysis of labor markets. We survey the literature on structural estimationof these models with micro data on wages and durations, and we discuss theadvantages of the equilibrium approach, for policy analysis and...
Persistent link: https://www.econbiz.de/10011299978
Equilibrium search models are useful tools for the evaluation oflabor market policies. Recently developed equilibrium search models of thelabor market are able to fit the wage distribution perfectly with longitudinallabor supply data, by estimating an appropriate distribution of...
Persistent link: https://www.econbiz.de/10011303865