scholarly journals Using Firm Data to Assess the Performance of Equilibrium Search Models of the Labor Market

2000 ◽  
Author(s):  
Aico van Vuuren ◽  
Gerard J. van den Berg
Keyword(s):  
Labor Market ◽  
Equilibrium Search ◽  
Search Models ◽  
Firm Data

Equilibrium Search Models and the Transition from School to Work

1997 ◽  
Author(s):  
Audra J. Bowlus ◽  
Nicholas M. Kiefer ◽  
George R. Neumann
Keyword(s):  
School To Work ◽  
Equilibrium Search ◽  
Search Models

scholarly journals Labor-Market Policies in an Equilibrium Search Model

1999 ◽  
Vol 14 ◽  
pp. 265-304 ◽  
Author(s):  
Fernando Alvarez ◽  
Marcelo Veracierto
Keyword(s):  
Labor Market ◽  
Search Model ◽  
Equilibrium Search ◽  
Labor Market Policies ◽  
Equilibrium Search Model

scholarly journals Frictional Wage Dispersion in Search Models: A Quantitative Assessment

2011 ◽  
Vol 101 (7) ◽  
pp. 2873-2898 ◽  
Author(s):  
Andreas Hornstein ◽  
Per Krusell ◽  
Giovanni L Violante
Keyword(s):  
Labor Market ◽  
Large Class ◽  
Job Search ◽  
Quantitative Assessment ◽  
Search Model ◽  
Wage Dispersion ◽  
Search Models ◽  
Worker Flows ◽  
Wage Ratio ◽  
Structural Search

We propose a new measure of frictional wage dispersion: the meanmin wage ratio. For a large class of search models, we show that this measure is independent of the wage-offer distribution but depends on statistics of labor-market turnover and on preferences. Under plausible preference parameterizations, observed magnitudes for worker flows imply that in the basic search model, and in most of its extensions, frictional wage dispersion is very small. Notable exceptions are some of the most recent models of on-the-job search. Our new measure allows us to rationalize the diverse empirical findings in the large literature estimating structural search models. (JEL D81, D83, J31, J41, J64)

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