A structural model of aggregate US job flows: another look

A recent article (Collard et al., 2002) published in this journal presented a structural model of aggregate job flows. Unrestricted estimation of the model yields parameter estimates that would imply an unemployment rate of 99%. Instead of solving this problem by fixing one of the parameters, as originally attempted by the authors, I add moments regarding the employment rate. The new results call for a re-evaluation of the model. Copyright © 2003 John Wiley & Sons, Ltd.

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Year of publication:	2003
Authors:	Schmidt-Dengler, Philipp
Published in:	Journal of Applied Econometrics. - John Wiley & Sons, Ltd.. - Vol. 18.2003, 1, p. 113-118
Publisher:	John Wiley & Sons, Ltd.

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Extent:	text/html
Type of publication:	Article
Research data:	https://doi.org/10.15456/jae.2022314.1311086094
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005764816