| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP4582
|
| DP4582 Time Consistent Public Expenditures |
| Paul Klein
|
| 发表日期 | 2004-08-23
|
| 出版年 | 2004
|
| 语种 | 英语
|
| 摘要 | In this Paper, we develop a structural model for the job search behaviour of students entering the labour market. The model includes endogenous search effort and on-the-job searches. Since students usually do not start a regular job before graduation but start job searches earlier, our model is non-stationary even if all structural parameters are constant. The model explains the common finding that a substantial share of individuals start working immediately upon graduation. We estimate the model using a unique data set of individuals who completed undergraduate education in the Netherlands between 1995 and 2001. Our estimation results show that a 1% decrease in unemployment rate increases wage offers by 3%, that there are substantial returns to work experience and that individuals devote less effort to job search than optimal. Employment rates at graduation could be increased from 40% to 65% if all individuals start job searches 6 month prior to graduation. |
| 主题 | Labour Economics
|
| 关键词 | Business cycle
Structural estimation
Return-to-work experience
|
| URL | https://cepr.org/publications/dp4582
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533499
|
推荐引用方式
GB/T 7714 |
Paul Klein. DP4582 Time Consistent Public Expenditures. 2004.
|
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