Equilibrium Search Models

Les modèles de recherche d'emploi d'équilibre

Christian Bontemps

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Abstract: This paper surveys the literature on equilibrium search models, where labor market equilibrium results from workers strategy (a reservation wage strategy) and firms strategy (which post a wage). One particular aspect of those models is to lead to a non degenerated wage offer distribution even with ex-ante agents. There are identified from microeconomic data (panel data of workers and firms). The basic models have a number of attractive features but the wage-offer and wage-earning distributions have increasing densities. This implication is at odds with the data. During the past years, substantial progress were made which allow micro econometers to use such models for policy analysis.

Date: 2004
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Published in Revue Economique, 2004, 55 (1), pp.103-122. ⟨10.3917/reco.551.0103⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02875137

DOI: 10.3917/reco.551.0103

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