Estimating a Simultaneous Search Model
构建并估计了一个结构性的同时搜寻模型,发现新进入劳动力市场的人会同时搜寻工作,并分离估计了工作机会到达率和工资拒绝概率,表明失业主要源于到达率低,但加快到达率的政策反而会延长平均失业时长。
The primary goal of this article is to specify and estimate a structural simultaneous search model and then determine the empirical importance of simultaneous search. The results indicate that new labor force entrants search simultaneously. A secondary goal is to identify and estimate job offer arrival rates and wage offer rejection probabilities separately. The results indicate that a significant portion of unemployment spells are caused by slow arrival rates, but policies intended to speed arrival rates would increase the average length of unemployment spells. Copyright 1989 by University of Chicago Press.