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Search Models and Applied Labor Economics - Nicholas M. Kiefer

Search Models and Applied Labor Economics

Hardcover Published: 24th February 1989
ISBN: 9780521360531
Number Of Pages: 308

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This collection of papers marks the development of empirical application of the search approach to labor economics--an approach which arose as a theoretical development of the 1960s and led to numerous insights in the 1970s. The search approach naturally incorporates uncertainty in the economic model, making up some of the early work in what is now called "the economics of information." Included are econometric issues such as estimation and specification of search models for wages and unemployment duration, continuous time models of turnover, and identification of structural parameters. Applications to policy questions including Unemployment Insurance and wage subsidy programs are given, and data collection issues are discussed within the search framework.

Introduction
Wages, Reservation Wages and Duration
Estimation of wage offer distributions and reservation wages
An empirical job-search model, with a test of the constant reservation-wage hypothesis
Individual effects in a nonlinear model: explicit treatment of heterogeneity in the empirical job-search model
Continuous-time Models of Duration
Earnings, unemployment, and the allocation of time over time
Choice or chance? A structural interpretation of individual labor market histories
Layoffs and duration dependence in a model of turnover
Applications
Structural and reduced form approaches to analyzing unemployment durations
Wages and the structure of unemployment rates
How long is a spell of unemployment? Illusions and biases in the use of CPS data
Mobility and Contracting
Employment risk and labor market diversification
A proposition and an example in the theory of job search with hours constraints
Interfirm mobility and earnings
Methods for analyzing employment contracts and other agreements
Index
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521360531
ISBN-10: 0521360536
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 308
Published: 24th February 1989
Publisher: CAMBRIDGE UNIV PR
Country of Publication: GB
Dimensions (cm): 23.11 x 14.73  x 2.29
Weight (kg): 0.54

Earn 668 Qantas Points
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