Semi-Nonparametric Estimation of an Equilibrium Search Model
نویسندگان
چکیده
We specifv and estimate an equilibrium job search model with pro” ductivitv differences across labor market segments. The model allows for two types of unemployment: frictional unemployment due to search frictions and structural unemployment due to wage floors. Wage floors exist because of high unemplovment benefits or binding minimum wages. The . productivitv distribution is estimated semi-nonparametrically along the lines of Gailant-Nvchka, using Hermite series approximation. We decompose the total unemployment rate and we examine the effect of changes in
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