A Search Model Applied to the Transition from Education to Work

Peter Jensen and Niels C. Westergård-Nielsen

The Review of Economic Studies, 1987, vol. 54, issue 3, 461-472

Abstract: This paper presents the specification and estimation of a search model applied to the transition from education to work. The theoretical search model includes the possibility of variable search intensity. The empirical model with a reservation wage relation is estimated using maximum likelihood methods. A data set containing information on new law graduates is used for the estimation. Finally, the model is estimated for two separate subperiods to investigate the effects of market changes.

Date: 1987
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Persistent link: https://EconPapers.repec.org/RePEc:oup:restud:v:54:y:1987:i:3:p:461-472.

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