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JOB SEARCH, HOURS RESTRICTIONS AND DESIRED HOURS OF WORK
Category: Econometrics
JOB SEARCH Sunday 25th August 2002, 09:30 - 11:00, Room: 5.5
Session Chair(s):
Hans Bloemen, Free University Amsterdam, NETHERLANDS
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Abstract:
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We present a structural empirical job search model: job offers arrive randomly from a joint wage-hours offer distribution. The
unemployed accept a job if its utility level is higher than the reservation utility level.
Specific attention is paid to identification, since the
observed (accepted) hours distribution is determined both by the hours offer
distribution and by the job acceptance probability. To identify the hours
offers from the optimal hours, defined by preferences, we use
information on desired working hours. We estimate several model variants:
a base specification with only information on observed working hours,
and different variants with desired hours, which allow for different
interpretations of desired hours by survey respondents or for differences
in the distribution of measurement error in desired hours. We compare the
various specifications on basis of differences in the fit and on basis
of differences in policy relevant elasticities.
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Find this file in the \Papers\822\ folder of this CD-ROM.
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