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Search Models and Applied Labor Economics

Search Models and Applied Labor Economics
Author: Nicholas M. Kiefer
Publisher: Cambridge University Press
Total Pages: 38
Release: 1989-02-24
Genre: Business & Economics
ISBN: 9780521360531

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This collection of papers marks the development of empirical application of the search approach to labor economics--an approach which arose as a theoretical development of the 1960s and led to numerous insights in the 1970s. The search approach naturally incorporates uncertainty in the economic model, making up some of the early work in what is now called "the economics of information." Included are econometric issues such as estimation and specification of search models for wages and unemployment duration, continuous time models of turnover, and identification of structural parameters. Applications to policy questions including Unemployment Insurance and wage subsidy programs are given, and data collection issues are discussed within the search framework.


Empirical Labor Economics

Empirical Labor Economics
Author: Theresa J. Devine
Publisher: Oxford University Press
Total Pages: 356
Release: 1991-02-28
Genre: Business & Economics
ISBN: 0195363132

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Presenting a complete survey of labor economics from the search point of view, this is the first book to coordinate a vast and scattered literature, making an increasingly important and sophisticated area in modern applied economics readily accessible. Completely comprehensive, Empirical Labor Economics covers not only sequential and random search, but all stochastic models of the labor market, and treats underlying economic theory and econometric methods as needed. It examines structural search models, studies directed at particular policy questions--such as the effect of unemployment benefits on unemployment durations--and simple descriptive studies, considering data from all over the world. With valuable summaries and trenchant assessments of the strengths and weaknesses of the search approach, Empirical Labor Economics is essential for those embarking on labor market research.


Handbook of Labor Economics

Handbook of Labor Economics
Author: Orley Ashenfelter
Publisher: Elsevier
Total Pages: 862
Release: 2010-10-28
Genre: Social Science
ISBN: 0444534512

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What new tools and models are enriching labor economics?Developments in Research Methods and their Application, Volume 4A summarizes recent advances in the ways economists study wages, employment, and labor markets. Mixing conceptual models and empirical work, contributors cover subjects as diverse as field and laboratory experiments, program evaluation, and behavioral models. The combinations of these improved empirical findings with new models reveal how labor economists are developing new and innovative ways to measure key parameters and test important hypotheses. Investigates recent advances in methods and models used in labor economics Demonstrates what these new tools and techniques can accomplish Documents how conceptual models and empirical work explain important practical issues


Empirical Methods for the Study of Labour Force Dynamics

Empirical Methods for the Study of Labour Force Dynamics
Author: Kenneth Wolpin
Publisher: Routledge
Total Pages: 102
Release: 2013-10-11
Genre: Business & Economics
ISBN: 1136459413

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In the last twenty years there has been an explosion of economic research on labor force dynamics; the movement of individuals between labor force states. This book focuses on the methods by which behavioral theories of labor force dynamics have been empirically implemented. Most attention is paid to the partial equilibrium two-state transitional model of job search behavior. That model is the foundation for much of our thinking about the nature of unemployment at both the individual and aggregate levels. Although the basic formulation has remained the same, approaches to the empirical implementation of such models has changed dramatically.


Search Theory and Unemployment

Search Theory and Unemployment
Author: Stephen A. Woodbury
Publisher: Springer Science & Business Media
Total Pages: 244
Release: 2012-12-06
Genre: Business & Economics
ISBN: 9401002355

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Search Theory and Unemployment contains nine chapters that survey and extend the theory of job search and its application to the problem of unemployment. The volume ranges from surveys of job search theory that take microeconomic and macroeconomic perspectives to original theoretical contributions which focus on the externalities arising from non-sequential search and search under imperfect information. It includes a clear and authoritative survey of econometric methods that have been developed to estimate models of job search, as well as two lucid contributions to the empirical search literature. Finally, it includes a study that reviews and extends the literature on optimal unemployment insurance and concludes with an appraisal of the influence of search theory on the thinking of macroeconomic policymakers.


Empirical Methods for the Study of Labor Force Dynamics

Empirical Methods for the Study of Labor Force Dynamics
Author: Kenneth I. Wolpin
Publisher: Psychology Press
Total Pages: 112
Release: 2001
Genre: Business & Economics
ISBN: 9780415269407

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In the last twenty years there has been an explosion of economic research on labour force dynamics. This book focuses on the methods by which behavioural theories of labour force dynamics have been empirically implemented.


The Economics of Search

The Economics of Search
Author: Brian McCall
Publisher: Routledge
Total Pages: 574
Release: 2007-12-20
Genre: Business & Economics
ISBN: 1134422350

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The economics of search is a prominent component of economic theory, and it has a richness and elegance that underpins a host of practical applications. In this book Brian and John McCall present a comprehensive overview of the economic theory of search, from the classical model of job search formulated 40 years ago to the recent developments in equilibrium models of search. The book gives decision-theoretic foundations to seemingly slippery issues in labour market theory, estimation theory and economic dynamics in general, and surveys the entire field of the economics of search, including its history, theory, and econometric applications. Theoretical models of the economics of search are covered as well as estimation methods used in search theory and topics covered include job search, turnover, unemployment, liquidity, house selling, real options and auctions. The mathematical methods used in search theory such as dynamic programming are reviewed as well as structural estimation methods and econometric methods for duration models. The authors also explore the classic sequential search model and its extensions in addition to recent advances in equilibrium search theory.


Labor Economics, second edition

Labor Economics, second edition
Author: Pierre Cahuc
Publisher: MIT Press
Total Pages: 1081
Release: 2014-08-01
Genre: Business & Economics
ISBN: 0262027704

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The new edition of a widely used, comprehensive graduate-level text and professional reference covering all aspects of labor economics, with substantial new material. This landmark graduate-level text combines depth and breadth of coverage with recent, cutting-edge work in all the major areas of modern labor economics. Its command of the literature and its coverage of the latest theoretical, methodological, and empirical developments make it also a valuable resource for practicing labor economists. This second edition has been substantially updated and augmented. It incorporates examples drawn from many countries, and it presents empirical methods using contributions that have proved to be milestones in labor economics. The data and codes of these research publications, as well as numerous tables and figures describing the functioning of labor markets, are all available on a dedicated website (www.labor-economics.org), along with slides that can be used as course aids and a discussion forum. This edition devotes more space to the analysis of public policy and the levers available to policy makers, with new chapters on such topics as discrimination, globalization, income redistribution, employment protection, and the minimum wage or labor market programs for the unemployed. Theories are explained on the basis of the simplest possible models, which are in turn related to empirical results. Mathematical appendixes provide a toolkit for understanding the models.


Structural Models of Wage and Employment Dynamics

Structural Models of Wage and Employment Dynamics
Author: Henning Bunzel
Publisher: Emerald Group Publishing
Total Pages: 613
Release: 2006-03-30
Genre: Business & Economics
ISBN: 0444520899

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Selected papers from a conference held in honour of Professor Dale T. Mortensen upon the occasion of his 65th birthday. It includes papers on some of Professor Dale T. Mortensen's current research topics, as well as additional theoretical papers, and micro- and macro-econometric papers.


Handbook of Labor Economics

Handbook of Labor Economics
Author: Orley Ashenfelter
Publisher: Elsevier
Total Pages: 863
Release: 2010-12-09
Genre: Business & Economics
ISBN: 0444534504

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A guide to the continually evolving field of labour economics.