期刊名称：Discussion Papers in Economics / Department of Economics, Royal Holloway
出版年度：2010
卷号：2010
出版社：University of London
摘要：This paper assesses whether a parsimonious partial equilibrium job search model with on-thejob
search can reproduce observed job durations and transitions to other jobs and to nonemployment.
We allow for unobserved heterogeneity across individuals in key structural parameters.
Observed heterogeneity and life cycle effects are accounted for by estimating separate models
for flow samples of labor market entrants and stock samples of mature workers with 10-11 years
of experience, by stratifying on education length and by allowing for non-search related wage
growth due to accumulation of labor market experience. We use comparable register based panel
data for two countries, Denmark and Norway. All workers are followed for 6 years. The model
fits observed job-to-job and job-to-nonemployment hazard functions well for most samples with
a better fit for entrants than for mature workers, especially for the job-to-job hazard function.
We find important differences in structural parameters between entrants and mature workers
and we find that the Norwegian labor market is more frictional than the Danish labor market
