Search Results - subject:"Structural estimation"

Structural estimation of search intensity : do non-employed workers search enough?

Gautier, Pieter; Moraga-González, José Luis; … - 2007

We present a structural framework for the evaluation of public policies intended to increase job search intensity. Most of the literature defines search intensity as a scalar that influences the arrival rate of job offers; here we treat it as the number of job applications that workers send out....

Persistent link: https://www.econbiz.de/10011372979

On-the-job search, productivity shocks and the individual earnings process

Postel-Vinay, Fabien; Turon, Hélène - 2006

shocks. This offers an alternative to the conventional linear ARMA-type approach to modelling earnings dynamics. Structural … estimation of our model on a 12-year panel of highly educated British workers shows that our simple framework produces a dynamic …

Persistent link: https://www.econbiz.de/10010267380

Maximum Likelihood Estimation of Search Costs

Moraga-Gonzalez, Jose Luis; Wildenbeest, Matthijs R. - 2006

In a recent paper Hong and Shum [2006. Using price distributions to estimate search costs. Rand Journal of Economics 37, 257–275] present a structural method to estimate search cost distributions. We extend their approach to the case of oligopoly and present a new maximum likelihood method to...

Persistent link: https://www.econbiz.de/10010325352

Comparing financial systems: a structural analysis

Champonnois, Sylvain - 2006

This paper builds a model of investment and financing that incorporates heterogeneous firms into general equilibrium. In order to characterize the financial structure of an economy, the model connects the share of market finance in total external finance and the distribution of firm sizes into a...

Persistent link: https://www.econbiz.de/10011604748

On-the-job Search, Productivity Shocks, and the Individual Earnings Process

Postel-Vinay, Fabien; Turon, Hélène - Centre for Market and Public Organisation (CMPO), … - 2006

. Structural estimation of our model on a 12-year panel of highly educated British workers shows that our simple framework produces … earnings dynamics. Structural estimation of our model on a 12-year panel of highly educated British workers shows that our …, Individual Shocks, Structural Estimation, Covariance Structure of Earnings. JEL Classification: J41, J31. Acknowledgements …

Persistent link: https://www.econbiz.de/10005077123

Devaluations, output and the balance sheet effect: a structural econometric analysis

Tovar, Camilo E - Bank for International Settlements (BIS) - 2006

This paper estimates a new open economy macroeconomic model for South Korea to determine the output effect of currency devaluations. Three transmission mechanisms are considered: the expenditure-switching, the balance sheet, and a monetary channel associated to a nominal exchange rate target....

Persistent link: https://www.econbiz.de/10005063351

Testing the q-Theory of Anomalies

Whited, Toni M.; Zhang, Lu - Society for Economic Dynamics - SED - 2006

The q-theory explanations of asset pricing anomalies are quantitatively important. We perform a new asset pricing test by using GMM to minimize the difference between average stock returns in the data and average investment returns constructed from observable firm characteristics. Under various...

Persistent link: https://www.econbiz.de/10005069243

The Empirical Content of Models with Multiple Equilibria

Bisin, Alberto; Moro, Andrea; Topa, Giorgio - Society for Economic Dynamics - SED - 2006

We consider a generic environment with (potentially) multiple equilibria and analyze conditions for identification of the structural parameters. We then study conditions that allow for the estimation of both the structural parameters and the â€œselected equilibriumâ€. We focus on a...

Persistent link: https://www.econbiz.de/10005069301

Comparing Financial Systems: A structural Analysis

Champonnois, Sylvain - Society for Economic Dynamics - SED - 2006

drawn from an industry-level structural estimation using data on the UK, France, Germany and Italy. The structural model is …

Persistent link: https://www.econbiz.de/10005069337

The Rate of Learning-by-Doing: Estimates from a Search-Matching Model

Prat, Julien - Society for Economic Dynamics - SED - 2006

We construct and estimate by maximum likelihood an equilibrium search model where wages are set by Nash bargaining and idiosyncratic productivity follows a geometric Brownian motion. The proposed framework enables us to endogenize job destruction and to estimate the rate of learning-by-doing....

Persistent link: https://www.econbiz.de/10005069342