A Search Model Applied to the Transition from Education to Work.

This paper presents the specification and estimation of a search model applied to the transition from education to work. The theoretical search model includes the p ossibility of variable search intensity. The empirical model with a reservation wage relation is estimated using maximum likelihood methods. A data set containing information on new law graduates is used for the estimation. Finally, the model is estimated for two separate sub periods to investigate the effects of market changes. Copyright 1987 by The Review of Economic Studies Limited.