This 1989 collection of papers marks the development of empirical application of the search approach to labor economics.
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This 1989 collection of papers marks the development of empirical application of the search approach to labor economics - an approach which arose as a theoretical development of the 1960s and led to numerous insights in the 1970s. The search approach naturally incorporates uncertainty in the economic model.
1. Introduction; Part I. Wages, Reservation Wages and Duration: 2. Estimation of wage offer distributions and reservation wages; 3. An empirical job-search model, with a test of the constant reservation-wage hypothesis; 4. Individual effects in a nonlinear model: explicit treatment of heterogeneity in the empirical job-search model; Part II. Continuous-time Models of Duration: 5. Earnings, unemployment, and the allocation of time over time; 6. Choice or chance? A structural interpretation of individual labor market histories; 7. Layoffs and duration dependence in a model of turnover; Part III. Applications: 8. Structural and reduced form approaches to analyzing unemployment durations; 9. Wages and the structure of unemployment rates; 10. How long is a spell of unemployment? Illusions and biases in the use of CPS data; Part IV. Mobility and Contracting: 11. Employment risk and labor market diversification; 12. A proposition and an example in the theory of job search with hours constraints; 13. Interfirm mobility and earnings; 14. Methods for analyzing employment contracts and other agreements; Index.
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