An empirical equilibrium job search model with continuously distributed heterogeneity of workers' opportunity costs of employment and firms productivities, and search on the job
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- handle: 10670/1.agtcdt
- hal: hal-03417575
- SCIENCESPO: 2441/f0uohitsgqh8dhk982010j1k0
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Christian Bontemps et al., « An empirical equilibrium job search model with continuously distributed heterogeneity of workers' opportunity costs of employment and firms productivities, and search on the job », HAL-SHS : économie et finance, ID : 10670/1.agtcdt
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Résumé
In this article we present and estimate a synthesis of previous equilibrium search models, allowing for continuous distributions of workers' opportunity costs of employment as well as firms' productivities. The model allows for on-the-job search, and we assume that job offer arrival rates for workers are independent of their labor-market state. We derive the theoretical implications of these assumptions, we provide simulations, and we develop a semiparametric estimation procedure that we apply to a dataset of individual labor-market histories.