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Title:A study of the Austrian labour market dynamics using a model of search equilibrium PDF Logo
Authors:Launov, Andrey
Issue Date:2003
Series/Report no.:Discussion paper // Sonderforschungsbereich 386 der Ludwig-Maximilians-Universität München 351
Abstract:In this work we provide a theoretical overview of a search equilibrium model with continuous productivity dispersion and perform its estimation for the Austrian data. We describe empirically the dynamics of market equilibrium outcomes. Special emphasis is made on the analysis of changes in labour mobility and dependence of expected job durations on offered wages. We investigate the influence of excessive labour mobility on the equilibrium profits of firms. Facing a problem of top-coded wage data, we suggest an appropriate adjustment of the existing estimation methodology. Finally, we extend the econometric model for the observed heterogeneity of agents.
JEL:J64
Persistent Identifier of the first edition:urn:nbn:de:bvb:19-epub-1726-7
Document Type:Working Paper
Appears in Collections:Discussion papers, SFB 386, LMU München

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