Wages, Training, and Job Turnover in a Search-Matching Model

M.S. Nielsen and Michael Rosholm

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

Abstract: In this paper we extend a job search-matching model with firm-specific investments in training developed by Mortensen (1998) to allow for different offer arrival rates in employment and unemployment. The model by Mortensen changes the original wage posting model (Burdett and Mortensen, 1998) in two aspects. First, it provides a link between the wage posting framework and the search-matching framework (eg. Pissarides, 1990). Second, it improves the correspondence between the theoretical characterization of the endogeneously derived earnings density and the empirically observed earnings density. We subsequently estimate the model on Danish labour market data using a structural non-parametric estimation procedure. We find that the model provides a good characterization of some empirical features of the labour market.

Keywords: ECONOMIC MODELS; WAGES; TRAINING PROGRAMMES (search for similar items in EconPapers)
JEL-codes: C51 D83 J31 J41 J6 (search for similar items in EconPapers)
Pages: 49 pages
Date: 1999
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Citations: View citations in EconPapers (2)

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Working Paper: Wages, Training and Job Turnover in a Search-Matching Model (2000)
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