Resource title

Parametric vs. Nonparametric Estimation of an Equilibrium Search Model with Employer Heterogeneity

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Resource description

We demonstrate that non-monotone behaviour of the right tail of earnings density may lead to the fact that nonparametric estimation of the Bontemps et al. (2000) equilibrium search model with employer heterogeneity does not yield consistent estimates. We propose an easy way of checking whether the Bontemps et al. (2000) estimation procedure can be applied and review the robustness of the alternative strategy once the Bontemps et al. (2000) procedure is inapplicable.

Resource author

Andrey Launov, Joachim Wolf

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Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/22358

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