Resource title

Measuring Labor Market Frictions: A Cross-Country Comparison

Resource image

image for OpenScout resource :: Measuring Labor Market Frictions: A Cross-Country Comparison

Resource description

In this paper we define and estimate measures of labor market frictions using data on job durations. We compare different estimation methods and different types of data. We propose and apply an unconditional inference method that can be applied to aggregate duration data. It does not require wage data, it is invariant to the way in which wages are determined, and it allows workers to care about other job characteristics. The empirical analysis focuses on France, but we perform separate analyses for the USA, the UK, Germany and the Netherlands. We quantify the monopsony power due to search frictions and we examine the policy effects of the minimum wage, unemployment benefits and search frictions.

Resource author

Geert Ridder, Gerard J. van den Berg

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/20059

Resource license

Adapt according to the presented license agreement and reference the original author.