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This paper introduces an innovative test of search and matching models using the exogenous variation available in … experiment. We then simulate a program group from a randomized experiment within the model. As a measure of the performance of … the model, we compare the outcomes of the program groups from the model and from the randomized experiment. We illustrate …
Persistent link: https://www.econbiz.de/10011428417
This paper introduces an innovative test of search and matching models using the exogenous variation available in … experimental data. We take an off-the-shelf Pissarides matching model and calibrate it to data on the control group from a … randomized social experiment. We then simulate a program group from a randomized experiment within the model. As a measure of the …
Persistent link: https://www.econbiz.de/10003082102
In this paper we investigate the labor market dynamics in a matching model where fluctuations are driven by movements … that the canonical matching model under a very standard calibration is able to generate an important volatility of …
Persistent link: https://www.econbiz.de/10010374578
We study active labor market policies (ALMP) in a matching model. ALMPs are modelled as a subsidy to job search …
Persistent link: https://www.econbiz.de/10010418002
labor market states. In steady-state, we hence have a theory of equilibrium unemployment determined by both matching …
Persistent link: https://www.econbiz.de/10013320711
This paper presents a short overview of dynamic models of labor markets with transaction costs. It shows that these models have deeply renewed the understanding of job search, job flows, job creations and destructions, unemployment and wage formation. It argues that this renewal provides a very...
Persistent link: https://www.econbiz.de/10010355704
Self-Sufficiency Project (SSP), an experiment providing generous financial incentives to exit welfare and obtain stable … control group and simulate the experiment within the model. The model matches the welfare-to-work transition of the treatment …
Persistent link: https://www.econbiz.de/10011940637
Self-Sufficiency Project (SSP), an experiment providing generous financial incentives to exit welfare and obtain stable … control group and simulate the experiment within the model. The model matches the welfare-to-work transition of the treatment …
Persistent link: https://www.econbiz.de/10010276752
Self-Sufficiency Project (SSP), an experiment providing generous financial incentives to exit welfare and obtain stable … control group and simulate the experiment within the model. The model matches the welfare-to-work transition of the treatment …
Persistent link: https://www.econbiz.de/10013319966
In recent decades most developed countries have experienced an increase in income inequality. In this paper, we use an equilibrium search framework to shed additional light on what is causing an income distribution to change. The major benefit of the model is that it can accommodate shocks to...
Persistent link: https://www.econbiz.de/10003941761