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An Empirical Examination Of The Sources Of Changes Over Time In The Job Finding Rate Using Reservation Wages And Rejected Wage Offers

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  • Stefan Lollivier
  • Laurence Rioux

Abstract

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.

Suggested Citation

  • Stefan Lollivier & Laurence Rioux, 2010. "An Empirical Examination Of The Sources Of Changes Over Time In The Job Finding Rate Using Reservation Wages And Rejected Wage Offers," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 51(4), pages 1039-1069, November.
    • Handle: RePEc:ier:iecrev:v:51:y:2010:i:4:p:1039-1069
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    File URL: http://hdl.handle.net/10.1111/j.1468-2354.2010.00610.x
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    Cited by:

    1. Peter Arcidiacono & Attila Gyetvai & Arnaud Maurel & Ekaterina S. Jardim, 2022. "Identification and Estimation of Continuous-Time Job Search Models with Preference Shocks," NBER Working Papers 30655, National Bureau of Economic Research, Inc.
    2. Bart Cockx & Muriel Dejemeppe & Andrey Launov & Bruno Van der Linden, 2018. "Imperfect Monitoring of Job Search: Structural Estimation and Policy Design," Journal of Labor Economics, University of Chicago Press, vol. 36(1), pages 75-120.
    3. Julio J. Rotemberg, 2012. "Prominent Job Advertisements, Group Learning and Wage Dispersion," NBER Working Papers 18638, National Bureau of Economic Research, Inc.
    4. Julio J. Rotemberg, 2017. "Group Learning, Wage Dispersion and Non-stationary Offers," Economica, London School of Economics and Political Science, vol. 84(335), pages 365-392, July.

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