This collection of papers marks the development of empirical application of the search approach to labor economics--an approach which arose as a theoretical development of the 1960s and led to numerous insights in the 1970s. The search approach naturally incorporates uncertainty in the economic model, making up some of the early work in what is now called "the economics of information." Included are econometric issues such as estimation and specification of search models for wages and unemployment duration, continuous time models of turnover, and identification of structural parameters. Applications to policy questions including Unemployment Insurance and wage subsidy programs are given, and data collection issues are discussed within the search framework.
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Book Description
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Book Description
This collection of papers marks the development of empirical application of the search approach to labor economics - an approach which arose as a theoretical development of the 1960s and led to numerous insights in the 1970s. The search approach naturally incorporates uncertainty in the economic model, making up some of the early work in what is now called 'the economics of information'.
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Front Cover | Front Flap | Table of Contents | First Pages | Index | Back Flap | Back Cover | Surprise Me!
Inside This Book
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First Sentence:
Though theoretical work on job search and the theory of reservation wages has attracted considerable attention, very little empirical work along the lines suggested by theory has been done. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
mean wage offer, wage offer function, expected wage offer, gross flow data, reemployment earnings, wage offer equation, wage offer distribution, reservation wage function, reservation wage model, information arrival date, reservation wage policy, subsequent wage gain, reemployment wages, job search model, hazard function models, labor market history, intervening spell, wage subsidy program, labor market histories, ith worker, reservation wages, offer arrivals, offer distributions, human capital wage, labor market states Key Phrases - Capitalized Phrases (CAPs): (learn more)
New York, Journal of Political Economy, Denver Income Maintenance Experiment, American Economic Review, Economic Activity, University of Chicago, Brookings Papers, Department of Labor, Current Population Survey, Northwestern University, Economics of Search, Bureau of Labor Statistics, John Wiley, Sherwin Rosen, Trade Adjustment Assistance Program, Dynamic Model of Employment Behavior, Mean Maximum Minimum Education, Monthly Labor Review, Annals of Mathematical, Brookings Institution, Constant White Age, Cornell University, Government Printing Office, James Heckman, Journal of Econometrics New!
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Front Cover | Front Flap | Table of Contents | First Pages | Index | Back Flap | Back Cover | Surprise Me!
Though theoretical work on job search and the theory of reservation wages has attracted considerable attention, very little empirical work along the lines suggested by theory has been done. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
mean wage offer, wage offer function, expected wage offer, gross flow data, reemployment earnings, wage offer equation, wage offer distribution, reservation wage function, reservation wage model, information arrival date, reservation wage policy, subsequent wage gain, reemployment wages, job search model, hazard function models, labor market history, intervening spell, wage subsidy program, labor market histories, ith worker, reservation wages, offer arrivals, offer distributions, human capital wage, labor market states Key Phrases - Capitalized Phrases (CAPs): (learn more)
New York, Journal of Political Economy, Denver Income Maintenance Experiment, American Economic Review, Economic Activity, University of Chicago, Brookings Papers, Department of Labor, Current Population Survey, Northwestern University, Economics of Search, Bureau of Labor Statistics, John Wiley, Sherwin Rosen, Trade Adjustment Assistance Program, Dynamic Model of Employment Behavior, Mean Maximum Minimum Education, Monthly Labor Review, Annals of Mathematical, Brookings Institution, Constant White Age, Cornell University, Government Printing Office, James Heckman, Journal of Econometrics New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Front Flap | Table of Contents | First Pages | Index | Back Flap | Back Cover | Surprise Me!
Citations (learn more)
This book cites 25
books:
See all 25 books this book cites
3
books
cite this book:
- Economics of Search by Steven A. Lippman on 7 pages
- Continuous Univariate Distributions, Vol. 1 (Wiley Series in Probability and Statistics) by Norman L. Johnson on 4 pages
- The Statistical Analysis of Failure Time Data (Wiley Series in Probability and Statistics) by John D. Kalbfleisch on 4 pages
- Studies in Labor Markets (National Bureau of Economic Research Universities-National Bureau Conference Ser) by Sherwin Rosen on 4 pages
- The Economics of Information (International Library of Critical Writings in Economics) (Vol.1) by David K. Levine on page 61, and page 178
See all 25 books this book cites
- Income Support for the Unemployed: Issues and Options (Regional and Sectoral Studies) by Milan Vodopivec in Back Matter
- Research in Social Stratification and Mobility, Volume 20 by Kevin T Leicht on page 284
- Unemployment Dynamics in the United States and West Germany by Markus Gangl in Back Matter
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