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Title: Three Essays on Market Imperfections and Inequality
Resulting in 1 citation.
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Griffy, Benjamin S. |
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Three Essays on Market Imperfections and Inequality Ph.D. Dissertation, Department of Economics, University of California, Santa Barbara, 2018 Cohort(s): NLSY97 Publisher: ProQuest Dissertations & Theses (PQDT) Keyword(s): Job Search; Modeling, Hazard/Event History/Survival/Duration; Unemployment Insurance Permission to reprint the abstract has not been received from the publisher. My second chapter deals with the appropriate approach to modeling frictional labor markets, and is joint work with Christine Braun, Bryan Engelhardt, and Peter Rupert. In it, we address whether the arrival rate of a job independent of the wage that it pays. To do this we address how, and to what extent, unemployment insurance changes the hazard rate of leaving unemployment across the wage distribution using a Mixed Proportional Hazard Competing Risk Model and data from the 1997 National Longitudinal Survey of Youth. Controlling for worker characteristics we reject that job arrival rates are independent of the wages offered. We apply the results to several prominent job-search models and interpret how our findings are key to determining the efficacy of unemployment insurance. |
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Bibliography Citation
Griffy, Benjamin S. Three Essays on Market Imperfections and Inequality. Ph.D. Dissertation, Department of Economics, University of California, Santa Barbara, 2018. |