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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/20046| Title: | A Study of the Austrian Labor Market Dynamics Using a Model of Search Equilibrium |
| Keywords: | J64 ddc:330 search equilibrium nonparametric estimation top-coded wages Arbeitsmarkt Arbeitsplatzsuchmodell Schätzung Österreich |
| Issue Date: | 16-Oct-2013 |
| Publisher: | |
| Description: | In this work we provide a theoretical overview of a search equilibrium model with continuous productivity dispersion and perform its estimation for the Austrian data. We describe empirically the dynamics of market equilibrium outcomes. Special emphasis is made on the analysis of changes in labour mobility and dependence of expected job durations on offered wages. We investigate the influence of excessive labour mobility on the equilibrium profits of firms. Facing a problem of top-coded wage data, we suggest an appropriate adjustment of the existing estimation methodology. Finally, we extend the econometric model for the observed heterogeneity of agents. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/20046 |
| Other Identifiers: | http://hdl.handle.net/10419/20046 ppn:366030701 |
| Appears in Collections: | EconStor |
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