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Author: Kiefer, Nicholas M.
Resulting in 2 citations.
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Bowlus, Audra Jann Kiefer, Nicholas M. Neumann, George R. |
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Equilibrium Search Models and the Transition from School to Work International Economic Review 42,2 (May 2001): 317-343. Also: http://www.jstor.org/stable/2648733 Cohort(s): NLSY79 Publisher: Blackwell Publishing, Inc. => Wiley Online Keyword(s): Employment; Heterogeneity; High School Completion/Graduates; Job Search; Racial Differences; Transition, School to Work; Unemployment; Wage Differentials This paper applies the Burdett-Mortensen (1998) equilibrium search model to study the school to work transitions of U.S. high school graduates. We consider the case of discrete firm heterogeneity and provide a computational method to obtain the MLE. Our results show that unemployed blacks receive fewer offers than whites and employed blacks are more likely to lose their jobs. Importantly, employed blacks and whites receive job offers at the same rate. Assigning the whites' search parameters to the blacks and re-solving reveals that 75 percent of the observed wage differential is explained by the job destruction rate differences. |
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Bibliography Citation
Bowlus, Audra Jann, Nicholas M. Kiefer and George R. Neumann. "Equilibrium Search Models and the Transition from School to Work." International Economic Review 42,2 (May 2001): 317-343.
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| 2. |
Kiefer, Nicholas M. |
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Conditional Likelihood Models for Heterogeneity in Longitudinal (Panel) Data Report, Employment and Training Administration, U.S. Department of Labor, 1980 Cohort(s): Young Men Publisher: U.S. Department of Labor Keyword(s): Heterogeneity; Research Methodology; Wages The report develops econometric models for heterogeneity in panel data. The conditional likelihood approach, which requires few and unrestrictive assumptions about the distribution of unobservables in the population, is used. The techniques are applied to estimate an intertemporal substitution (of time) elasticity based on the NLS data. The elasticity was found to be somewhat sensitive to the estimation technique. Conditional likelihood estimates are about .05 for white males and .1 for nonwhite males. These can be interpreted as effects of a temporary wage subsidy program, perceived by workers as not strongly affecting lifetime income. |
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Bibliography Citation
Kiefer, Nicholas M. "Conditional Likelihood Models for Heterogeneity in Longitudinal (Panel) Data." Report, Employment and Training Administration, U.S. Department of Labor, 1980. |