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JOB SEARCH IN A DYNAMIC ENVIRONMENT - AN EMPIRICAL-ANALYSIS
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UNSPECIFIED (1993) JOB SEARCH IN A DYNAMIC ENVIRONMENT - AN EMPIRICAL-ANALYSIS. OXFORD ECONOMIC PAPERS-NEW SERIES, 45 (1). pp. 1-22.
Research output not available from this repository, contact author.Abstract
A dynamic job search model which allows us to distinguish various effects, such as 'offer' probability effects and leisure effects, on an individual's behaviour is presented and estimated. We find that: (i) there is disutility from being unemployed, especially after the first three months of unemployment; (ii) income receipts other than unemployment benefits and earnings have only a very small effect on the behaviour; (iii) the conditional probability of leaving unemployment shows no sign of decreasing with duration; (iv) the elasticity of expected duration with respect to unemployment benefits in the first three months of the spell is 0.18 for teenage men, 0.13-0.14 for men aged 20-44, 0.08 for men aged 45-54 and 0.06 for men over 55, giving an overall average of 0.12; and (v) these elasticities are zero after the first three months of the spell.
| Item Type: | Journal Article | ||||
|---|---|---|---|---|---|
| Subjects: | H Social Sciences > HC Economic History and Conditions | ||||
| Journal or Publication Title: | OXFORD ECONOMIC PAPERS-NEW SERIES | ||||
| Publisher: | OXFORD UNIV PRESS UNITED KINGDOM | ||||
| ISSN: | 0030-7653 | ||||
| Official Date: | January 1993 | ||||
| Dates: |
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| Volume: | 45 | ||||
| Number: | 1 | ||||
| Number of Pages: | 22 | ||||
| Page Range: | pp. 1-22 | ||||
| Publication Status: | Published |
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