An Equilibrium Search Model with Capital Accumulation

L. Korsholm

Working Papers from Centre for Labour Market and Social Research, Danmark-

Abstract: We extend the basic equilibrium search model of Burdett-Mortnesen with a human capital accumulating wage function and solve for the new equilibrium distribution of wages. We find an equilibrium distribution of earned wages with no upper bound of the support and with density having a decreasing tail. We develop methods for estimating the wage growth parameter super-consistently at rate n and we implement our method on a data example.

Keywords: UNEMPLOYMENT; WAGES; MODELS; JOB SEARCHING Aarhus C, Danmark.40p. (search for similar items in EconPapers)
JEL-codes: C13 C33 C41 C61 C72 J24 J31 J41 J42 J64 (search for similar items in EconPapers)
Date: 1998
References: Add references at CitEc
Citations:

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

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:fth:clmsre:98-13

Access Statistics for this paper

More papers in Working Papers from Centre for Labour Market and Social Research, Danmark- Danmark; Centre for Labour Market and Social Research. Science Park Aarhus Wieds Vej 10C, 8000 Aarhus C, Danmark. Contact information at EDIRC.
Bibliographic data for series maintained by Thomas Krichel ().