Bowlus, Audra J; Kiefer, Nicholas M; Neumann, George R - In: International Economic Review 42 (2001) 2, pp. 317-43
This paper applies the Burdett-Mortensen (1998) equilibrium search model to study the school to work transitions of U.S. high school graduates. We consider the case of discrete firm heterogeneity and provide a computational method to obtain the MLE. Our results show that unemployed blacks...