Using longitudinal micro data on unemployed individuals for 1983-85, a structural job search model is estimated. The model allows for transitions from unemployment to nonparticipation. An extended version of the model deals with the influence of on-the-job search and prospective wage increases...

This paper examines the use of equilibrium search models in the empirical analysis of labor markets. The author surveys the literature on structural estimation of these models with micro data on wages and durations, and he discusses the advantages of this approach for policy analysis and for...

This paper analyzes unemployment dynamics in the French, Dutch, and U.K. labor market. It presents a method to distinguish between the effects of duration dependence and unobserved heterogeneity on the exit rate out of unemployment. It turns out that for British male unemployed there is strong...

In this paper, the authors examine a rather popular eyeball check which has been used to establish the presence of state dependence in aggregate unemployment duration data. They correct the literature by showing that this check may well lead to wrong conclusions.

This paper provides an empirical analysis of the labor market behavior of employed individuals using a structural on-the-job search model. The costs associated with moving to another job are allowed to be nonzero and may depend on the wage level. It is shown that, under certain conditions, the...

In this paper we study household purchase behaviour of storable food products. An inventory model is developed in which the household chooses an optimal stock level of the product. Storage of the product is costly, there is a fixed cost per purchase occasion, and the market price is sometimes...