| |
|
|
|
Empirical Analysis of Individual Labor Market Prospects over the Business Cycle
|
|
|
| |
|
IZA Seminar |
Place: Schaumburg-Lippe-Str. 9, 53113 Bonn |
Date: 20.04.2004, 12:15 - 13:30 |
| |
|
|
|
| |
|
Abstract: |
In this paper we develop a structural model for the job search behavior
of graduates. This model includes endogenous search effort and the
possibility of on-the-job search. Using this model we are able to
determine the optimal moment of starting job search, which generally
precedes the date of graduation. Since individuals usually do not start
a regular job before graduation, our model is non-stationary even in
case all structural parameters are constant over time. Our model
explains the common finding that a substantial share of individuals
starts working immediately upon graduation and that these individual
receive on average higher wages. We estimate the structural parameters
using a unique data set of individuals who completed undergraduate
education in the Netherlands between 1996 and 2001. In the estimation we
take account of business cycle effect. We use our estimated model to
compute the returns to early work experience. |
| |
|
| |
|
|
For more information, please contact seminar@iza.org
|
