In this article we present and estimate a synthesis of previous equilibrium search models, allowing for continous distributions of workers' opportunity cost of employment as well as firms' productives. The model allows for the-job search, and we assume that job offer arrival rates for workers are independent of their labor-market state. We derive the theoretical implications of these assumptions, we provide simulations, and we develop a semiparametric estimation procedure that we apply to a dataset of individual labor-market histories.
|Number of pages||36|
|Journal||International Economic Review|
|Publication status||Published - Nov 1999|