Structural and frictional unemployment in an equilibrium search model with heterogeneous agents
作者:
Pierre Koning,
Geert Ridder,
Gerard J. Van Den Berg,
期刊:
Journal of Applied Econometrics
(WILEY Available online 1995)
卷期:
Volume 10,
issue S1
页码: 133-151
ISSN:0883-7252
年代: 1995
DOI:10.1002/jae.3950100508
出版商: Wiley Subscription Services, Inc., A Wiley Company
数据来源: WILEY
摘要:
AbstractWe specify and estimate an equilibrium search model with between‐market heterogeneity in the productivity levels. The model allows for two types of unemployment: unemployment due to search frictions and unemployment due to wage floors. Wage floors may exist, because of large unemployment benefits or a binding (mandatory) minimum wage. Using data on labour market histories for a sample of Dutch workers, we decompose the total unemployment rate in a structural and frictional unemployment rate. We also discuss the effect of changes in the minimum wag
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