AN EMPIRICAL EXAMINATION OF THE SOURCES OF CHANGES OVER TIME IN THE JOB FINDING RATE USING RESERVATION WAGES AND REJECTED WAGE OFFERS*
利用法国ECHP数据中直接观测的保留工资和拒绝的工资报价，估计了一个结构动态求职模型，发现工资报价恶化是求职率负持续时间依赖的唯一来源。
We consider a structural dynamic job search model where nonstationarity originates from the change over time in the benefit level, the job offer arrival rate, and the wage offer distribution. The model is estimated on the French sample of the ECHP taking advantage of direct observation of reservation wages, rejected job offers, and associated rejected wages. We find that the offered wages deteriorate rapidly (13.8% over six months, 19.2% over one year, and 30% over two years) and that changes in the wage offer distribution are the unique source of negative duration dependence in the hazard.