Savings and labour market transitions

Richard Blundell (), Thierry Magnac () and Costas Meghir
Additional contact information
Thierry Magnac: TSE-R - Toulouse School of Economics - UT Capitole - Université Toulouse Capitole - UT - Université de Toulouse - EHESS - École des hautes études en sciences sociales - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement, CEPR - Center for Economic Policy Research
Costas Meghir: Yale University [New Haven], UCL - University College of London [London]

Post-Print from HAL

Abstract: A model is developed that allows for a layoff rate and a job-arrival rate in the intertemporal choice of consumption and labor-market state. The identification of such a model is established without recourse to dynamic programming solutions, and the minimum data requirements for estimation are derived. Unobserved heterogeneity is included in the model specification, but state dependence is only allowed through the layoff and arrival rates. These are restricted to be functions of observable weakly exogenous variables.

Keywords: Discrete choice; Intertemporal substitution; Job offers; Job search; Layoff rates (search for similar items in EconPapers)
Date: 1997-04
References: Add references at CitEc
Citations:

Published in Journal of Business and Economic Statistics, 1997, 15 (2), pp.153-164. ⟨10.2307/1392302⟩

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: Savings and Labor-Market Transitions (1997)
Working Paper: Savings and labour market transitions (1996)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05149876

DOI: 10.2307/1392302

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().