Estimation of Equilibrium Wage Distributions with Heterogeneity

Estimation of Equilibrium Wage Distributions with Heterogeneity PDF Author: Audra J. Bowlus
Publisher:
ISBN:
Category : Equilibrium (Economics)
Languages : en
Pages : 40

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Book Description

Estimation of Equilibrium Wage Distributions with Heterogeneity

Estimation of Equilibrium Wage Distributions with Heterogeneity PDF Author: Audra J. Bowlus
Publisher:
ISBN:
Category : Equilibrium (Economics)
Languages : en
Pages : 40

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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.

Empirical Labor Economics

Empirical Labor Economics PDF Author: Theresa J. Devine
Publisher: Oxford University Press
ISBN: 0195363132
Category : Business & Economics
Languages : en
Pages : 356

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Book Description
Presenting a complete survey of labor economics from the search point of view, this is the first book to coordinate a vast and scattered literature, making an increasingly important and sophisticated area in modern applied economics readily accessible. Completely comprehensive, Empirical Labor Economics covers not only sequential and random search, but all stochastic models of the labor market, and treats underlying economic theory and econometric methods as needed. It examines structural search models, studies directed at particular policy questions--such as the effect of unemployment benefits on unemployment durations--and simple descriptive studies, considering data from all over the world. With valuable summaries and trenchant assessments of the strengths and weaknesses of the search approach, Empirical Labor Economics is essential for those embarking on labor market research.

Bayesian Econometrics

Bayesian Econometrics PDF Author: Siddhartha Chib
Publisher: Emerald Group Publishing
ISBN: 1848553099
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.

Advances in Economics and Econometrics: Theory and Applications

Advances in Economics and Econometrics: Theory and Applications PDF Author: Econometric Society. World Congress
Publisher: Cambridge University Press
ISBN: 9780521589819
Category : Business & Economics
Languages : en
Pages : 348

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Book Description
This book is the third of three volumes containing papers presented at the Seventh World Congress of the Econometric Society. The papers summarize and interpret key recent developments and discuss current and future directions in a wide range of topics in economics and econometrics. They cover both theory and applications. Authored by leading specialists in their fields these volumes provide a unique survey of progress in the discipline.

Hedonic Wage Equilibrium

Hedonic Wage Equilibrium PDF Author: Thomas J. Kniesner
Publisher: Now Publishers Inc
ISBN: 1601983700
Category : Business & Economics
Languages : en
Pages : 83

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Book Description
Hedonic Wage Equilibrium examines empirically and theoretically the properties of the equilibrium wage function.

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

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.

The Economics of Search

The Economics of Search PDF Author: Brian McCall
Publisher: Routledge
ISBN: 1134422342
Category : Business & Economics
Languages : en
Pages : 674

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Book Description
The economics of search is a prominent component of economic theory, and it has a richness and elegance that underpins a host of practical applications. In this book Brian and John McCall present a comprehensive overview of the economic theory of search, from the classical model of job search formulated 40 years ago to the recent developments in eq

Structural Models of Wage and Employment Dynamics

Structural Models of Wage and Employment Dynamics PDF Author: Henning Bunzel
Publisher: Emerald Group Publishing
ISBN: 0444520899
Category : Business & Economics
Languages : en
Pages : 613

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Book Description
Selected papers from a conference held in honour of Professor Dale T. Mortensen upon the occasion of his 65th birthday. It includes papers on some of Professor Dale T. Mortensen's current research topics, as well as additional theoretical papers, and micro- and macro-econometric papers.