Tjaden, Volker; Wellschmied, Felix - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2012
Standard search models are unreliable for structural inference of the underlying sources ofwage inequality because they are inconsistent with observed residual wage dispersion. Weaddress this issue by modeling skill development and duration dependence in unemploymentbenefits in a random on the...