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Semi-nonparametric estimation of an equilibrium search model

Pierre Koning (), Gerard J. van den Berg and Geert Ridder

No 3, Serie Research Memoranda from VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics

Abstract: We specify and estimate an equilibrium job search model with productivity differences across labor market segments. The model allows for two types of unemployment: frictional unemployment due to search frictions and structural unemployment due to wage floors. Wage floors exist because of high unemployment benefits or binding minimum wages. The productivity distribution is estimated semi-nonparametrically along the lines of Gailant-Nychka, using Hermite series approximation. We decompose the total unemployment rate and we examine the effect of changes in the minimum wage.

Keywords: wages; unemplovment; job mobility; minimum wage; Hermite series; identification. (search for similar items in EconPapers)
JEL-codes: J62 J31 (search for similar items in EconPapers)
Date: 1998
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Journal Article: Semi-nonparametric Estimation of an Equilibrium Search Model (2000) Downloads
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