Offer Heterogeneity in a Two State Model of Sequential Search
扩展了Flinn和Heckman（1982）的搜索失业与工作任期马尔可夫模型，引入工作分离率或非工资属性的异质性，通过保留工资差异估计补偿性非工资效用差异，并利用就业机会试点项目数据实施模型。
The econometric method in the C. Flinn and J. Heckman (1982) study for estimating a Markovian model of search unem ployment and job tenure is further augmented by introducing a possibi lity that jobs may differ by separation rates or nonwage attributes. A set of reservation wages is obtained as a solution to the value fun ctions. Differences in reservation wages estimate the compensating no nwage utility differentials among jobs. The unemployment spell distri bution is characterized as one of competing risk based on which type of job is finally accepted. The model is implemented using data from the Employment Opportunities Pilot Project. Copyright 1988 by MIT Press.