Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/82218
Authors: 
Eckstein, Zwi
van den Berg, Gerard J
Year of Publication: 
2003
Series/Report no.: 
Working Paper, IFAU - Institute for Labour Market Policy Evaluation 2003:18
Abstract: 
This paper surveys the existing empirical research that uses search theory to empirically analyze labor supply questions in a structural framework, using data on individual labor market transitions and durations, wages, and individual characteristics. The starting points of the literature are the Mincerian earnings function, Heckman’s classic selection model, and dynamic optimization theory. We develop a general framework for the labor market where the search for a job involves dynamic decision making under uncertainity. It can be specialized to be in agreement with most published research using labor search models. We discuss estimation, policy evaluation with the estimated model, equilibrium model versions, and the decomposition of wage variation into factors due to heterogeneity of various model determinants as well as search frictions themselves. We summarize the main empirical conclusions.
Subjects: 
Labor search models
JEL: 
J21
J31
J41
J42
Document Type: 
Working Paper

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