Measuring Productivity Differences in Equilibrium Search Models

Measuring Productivity Differences in Equilibrium Search Models PDF Author: Gauthier Lanot
Publisher:
ISBN:
Category : Equilibrium (Economics)
Languages : en
Pages : 32

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Measuring Productivity Differences in Equilibrium Search Models

Measuring Productivity Differences in Equilibrium Search Models PDF Author: Gauthier Lanot
Publisher:
ISBN:
Category : Equilibrium (Economics)
Languages : en
Pages : 32

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Book Description


Wage Dispersion

Wage Dispersion PDF Author: Dale Mortensen
Publisher: MIT Press
ISBN: 9780262633192
Category : Business & Economics
Languages : en
Pages : 170

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Book Description
A theoretical and empirical examination of wage differentials findsthat traditional theories of competition do not explain why workers with identical skills are paid differently.

Discrimination and Skill Differences in an Equilibrium Search Model

Discrimination and Skill Differences in an Equilibrium Search Model PDF Author: Audra J. Bowlus
Publisher: London : Department of Economics, University of Western Ontario
ISBN:
Category : African Americans
Languages : en
Pages : 52

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Equilibrium Search with Continous Productivity Dispersion: Theory and Non-parametric Estimation

Equilibrium Search with Continous Productivity Dispersion: Theory and Non-parametric Estimation PDF Author: Christian Bontemps
Publisher:
ISBN:
Category :
Languages : en
Pages : 52

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Measuring Capital in the New Economy

Measuring Capital in the New Economy PDF Author: Carol Corrado
Publisher: University of Chicago Press
ISBN: 0226116174
Category : Business & Economics
Languages : en
Pages : 602

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Book Description
As the accelerated technological advances of the past two decades continue to reshape the United States' economy, intangible assets and high-technology investments are taking larger roles. These developments have raised a number of concerns, such as: how do we measure intangible assets? Are we accurately appraising newer, high-technology capital? The answers to these questions have broad implications for the assessment of the economy's growth over the long term, for the pace of technological advancement in the economy, and for estimates of the nation's wealth. In Measuring Capital in the New Economy, Carol Corrado, John Haltiwanger, Daniel Sichel, and a host of distinguished collaborators offer new approaches for measuring capital in an economy that is increasingly dominated by high-technology capital and intangible assets. As the contributors show, high-tech capital and intangible assets affect the economy in ways that are notoriously difficult to appraise. In this detailed and thorough analysis of the problem and its solutions, the contributors study the nature of these relationships and provide guidance as to what factors should be included in calculations of different types of capital for economists, policymakers, and the financial and accounting communities alike.

Economic Modeling and Inference

Economic Modeling and Inference PDF Author: Bent Jesper Christensen
Publisher: Princeton University Press
ISBN: 1400833108
Category : Business & Economics
Languages : en
Pages : 488

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Book Description
Economic Modeling and Inference takes econometrics to a new level by demonstrating how to combine modern economic theory with the latest statistical inference methods to get the most out of economic data. This graduate-level textbook draws applications from both microeconomics and macroeconomics, paying special attention to financial and labor economics, with an emphasis throughout on what observations can tell us about stochastic dynamic models of rational optimizing behavior and equilibrium. Bent Jesper Christensen and Nicholas Kiefer show how parameters often thought estimable in applications are not identified even in simple dynamic programming models, and they investigate the roles of extensions, including measurement error, imperfect control, and random utility shocks for inference. When all implications of optimization and equilibrium are imposed in the empirical procedures, the resulting estimation problems are often nonstandard, with the estimators exhibiting nonregular asymptotic behavior such as short-ranked covariance, superconsistency, and non-Gaussianity. Christensen and Kiefer explore these properties in detail, covering areas including job search models of the labor market, asset pricing, option pricing, marketing, and retirement planning. Ideal for researchers and practitioners as well as students, Economic Modeling and Inference uses real-world data to illustrate how to derive the best results using a combination of theory and cutting-edge econometric techniques. Covers identification and estimation of dynamic programming models Treats sources of error--measurement error, random utility, and imperfect control Features financial applications including asset pricing, option pricing, and optimal hedging Describes labor applications including job search, equilibrium search, and retirement Illustrates the wide applicability of the approach using micro, macro, and marketing examples

Equilibrium Search with Human Capital Accumulation

Equilibrium Search with Human Capital Accumulation PDF Author: Henning Bunzel
Publisher:
ISBN:
Category :
Languages : en
Pages : 36

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Specification and Estimation of Equilibrium Search Models

Specification and Estimation of Equilibrium Search Models PDF Author: Henning Bunzel
Publisher:
ISBN:
Category :
Languages : en
Pages : 54

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Search Theory and Unemployment

Search Theory and Unemployment PDF Author: Stephen A. Woodbury
Publisher: Springer Science & Business Media
ISBN: 9401002355
Category : Business & Economics
Languages : en
Pages : 244

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Book Description
Search Theory and Unemployment contains nine chapters that survey and extend the theory of job search and its application to the problem of unemployment. The volume ranges from surveys of job search theory that take microeconomic and macroeconomic perspectives to original theoretical contributions which focus on the externalities arising from non-sequential search and search under imperfect information. It includes a clear and authoritative survey of econometric methods that have been developed to estimate models of job search, as well as two lucid contributions to the empirical search literature. Finally, it includes a study that reviews and extends the literature on optimal unemployment insurance and concludes with an appraisal of the influence of search theory on the thinking of macroeconomic policymakers.

Bayesian Econometrics

Bayesian Econometrics PDF Author: Siddhartha Chib
Publisher: Emerald Group Publishing
ISBN: 1848553080
Category : Business & Economics
Languages : en
Pages : 656

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Book Description
Illustrates the scope and diversity of modern applications, reviews advances, and highlights many desirable aspects of inference and computations. This work presents an historical overview that describes key contributions to development and makes predictions for future directions.