Empirical inference with equilibrium search models of the labour market

Research output: Contribution to journalArticle (Academic Journal)peer-review

Abstract

This paper examines the use of equilibrium search models in the empirical analysis of labour markets. We survey the literature on structural estimation of these models with micro data on wages and durations, and we discuss the advantages of this approach for policy analysis and for obtaining a better understanding of the labour market. During the past ten years, substantial progress has been made in terms of the explanatory power of these models. We finish with a critical examination of the extent to which the approach can be fruitfully applied to (matched worker-) firm data.

Original languageEnglish
JournalEconomic Journal
Volume109
Issue number456
Publication statusPublished - Jun 1999

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