published in: Journal of the European Economic Association, 2003, 1 (1), 224-244
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.
We use cookies to provide you with an optimal website experience. This includes cookies that are necessary for the operation of the site as well as cookies that are only used for anonymous statistical purposes, for comfort settings or to display personalized content. You can decide for yourself which categories you want to allow. Please note that based on your settings, you may not be able to use all of the site's functions.
Cookie settings
These necessary cookies are required to activate the core functionality of the website. An opt-out from these technologies is not available.
In order to further improve our offer and our website, we collect anonymous data for statistics and analyses. With the help of these cookies we can, for example, determine the number of visitors and the effect of certain pages on our website and optimize our content.