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Search Models and Applied Labor Economics

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ISBN-10: 0521360536

ISBN-13: 9780521360531

Edition: 1989

Authors: Nicholas M. Kiefer, George R. Neumann

List price: $151.95
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Description:

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,…    
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Book details

List price: $151.95
Copyright year: 1989
Publisher: Cambridge University Press
Publication date: 2/24/1989
Binding: Hardcover
Pages: 308
Size: 6.25" wide x 9.50" long x 0.75" tall
Weight: 1.188
Language: English

Bent Jesper Christensen is professor of economics and management at the University of Aarhus in Denmark. Nicholas M. Kiefer is the Ta-Chung Liu Professor in Economics and Statistical Science at Cornell University.

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