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This paper applies an equilibrium search to study the transition from schooling to work of US high school graduates. We consider the case where there is heterogeneity in firm productivity and the number of firm types is discrete. For this case the estimation problem is non-standard and the...
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of simulation results in the case where the exact macromesure is not known with certainty. This is done by computing … lower and upper bounds for the simulation resukts, given a priori probabilities attached to three possible closures …
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