The information content of wage and duration data in a search model

Padma Rao Sahib

Applied Economics, 2000, vol. 32, issue 14, 1831-1839

Abstract: Estimates of the parameters of the wage offer density and the offer arrival process of a simple search model are presented in this paper. The optimality constraint from the search model is treated as a restriction and its effect on parameter estimates is analysed. Estimates from wage data alone and estimates from duration data alone can be interpreted as unrestricted estimates while estimates obtained from wage and duration data together can be interpreted as restricted estimates. This interpretation allows a test of the optimality constraint which is rejected by the data used. Estimates reveal a substantial difference in the information contained in wages and the information contained in durations, but benefit elasticities are consistent with findings from previous studies.

Date: 2000
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.tandfonline.com/doi/abs/10.1080/000368400425053 (text/html)
Access to full text is restricted to subscribers.

Related works:
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:taf:applec:v:32:y:2000:i:14:p:1831-1839

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEC20

DOI: 10.1080/000368400425053

Access Statistics for this article

Applied Economics is currently edited by Anita Phillips

More articles in Applied Economics from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().