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Semi‐Nonparametric Estimation of an Equilibrium Search Model

Author

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  • Pierre Koning
  • Gerard J. Van Den Berg
  • Geert Ridder

Abstract

We specify and estimate an equilibrium job search model with productivity differences across labour market segments. The model allows for two types of unemployment: frictional unemployment due to search frictions and structural unemployment due to wage floors. Wage floors exist because of high unemployment benefits or binding minimum wages. The productivity distribution is estimated semi‐nonparametrically along the lines of Gallant‐Nychka, using Hermite series approximation. We decompose the total unemployment rate and we examine the effects of changes in the minimum wage.

Suggested Citation

  • Pierre Koning & Gerard J. Van Den Berg & Geert Ridder, 2000. "Semi‐Nonparametric Estimation of an Equilibrium Search Model," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 62(3), pages 327-356, July.
    • Handle: RePEc:bla:obuest:v:62:y:2000:i:3:p:327-356
    DOI: 10.1111/1468-0084.00175
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    Cited by:

    1. van den Berg, Gerard J, 1999. "Empirical Inference with Equilibrium Search Models of the Labour Market," Economic Journal, Royal Economic Society, vol. 109(456), pages 283-306, June.

    More about this item

    JEL classification:

    • J62 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Job, Occupational and Intergenerational Mobility; Promotion
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials

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