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Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
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dc.contributor.author | Paserman, Marco Daniele | en |
dc.date.accessioned | 2009-01-28T16:12:36Z | - |
dc.date.available | 2009-01-28T16:12:36Z | - |
dc.date.issued | 2004 | - |
dc.identifier.uri | http://hdl.handle.net/10419/20232 | - |
dc.description.abstract | This paper estimates the structural parameters of a job search model with hyperbolicdiscounting and endogenous search effort. It estimates quantitatively the degree ofhyperbolic discounting, and assesses its implications for the impact of various policyinterventions aimed at reducing unemployment. The model is estimated using data onunemployment spells and accepted wages from the National Longitudinal Survey of Youth(NLSY). The likelihood function explicitly incorporates all the restrictions implied by theoptimal dynamic programming solution to the model. Both observed and unobservedheterogeneity are accounted for. The results point to a substantial degree of hyperbolicdiscounting, especially for low and medium wage workers. The structural estimates are alsoused to evaluate alternative policy interventions for the unemployed. Estimates based on amodel with exponential discounting may lead to biased inference on the economic impact ofpolicies. | en |
dc.language.iso | eng | en |
dc.publisher | |aInstitute for the Study of Labor (IZA) |cBonn | en |
dc.relation.ispartofseries | |aIZA Discussion Papers |x997 | en |
dc.subject.jel | C41 | en |
dc.subject.jel | C11 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | job search | en |
dc.subject.keyword | hyperbolic discounting | en |
dc.subject.keyword | structural estimation | en |
dc.subject.keyword | policy evaluation | en |
dc.subject.stw | Arbeitsuche | en |
dc.subject.stw | Arbeitsplatzsuchmodell | en |
dc.subject.stw | Arbeitsmarktpolitik | en |
dc.subject.stw | Wirtschaftspolitische Wirkungsanalyse | en |
dc.subject.stw | Theorie | en |
dc.subject.stw | Vereinigte Staaten | en |
dc.title | Job search and hyperbolic discounting : structural estimation and policy evaluation | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 378234811 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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