The essential idea of equilibrium search models of labour market behaviour is that wage policy matters. In contrast, the stylized neoclassical competitive model predicts that firms paying a wage above the competitive equilibrium will disappear; those offering less will attract no workers. The...

This paper studies estimation of the number and location of modes of the wage distribution. The location of the modes can be used to estimate the cutpoints of the equilibrium wage distribution (Bowlus, Kiefer, and Neumann, 1995) in the presence of measurement error. These cutpoints can be used...

Many topics of interest to economists involve the passage of time. How long does a typical spell of unemployment last? Has the time between births increased in recent years as women's relative earnings increased? Answers to these questions are desired both for the purpose of sorting out various...