Non-Stationary Job Search with Firing: A Structural Estimation

  1. J. Ignacio García-Pérez 1
  1. 1 Universidad Complutense de Madrid
    info

    Universidad Complutense de Madrid

    Madrid, España

    ROR 02p0gd045

Revista:
Documentos de Trabajo ( CEMFI )

Año de publicación: 1998

Número: 2

Tipo: Documento de Trabajo

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Resumen

This paper modifies Van den Berg's (1990) nonstationary model of search, considering the existence of a firing probability. The presence of firing makes unemployed workers lower their reservation wage because of the entitlement effect embodied in accepting a job offer. In this nonstationary environment, reservation wages have a stronger time-dependence than without firing.

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