Savings and labour market transitions

Savings and labour market transitions
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储蓄和劳动力市场转型

DOI:
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发表时间:
1997
期刊:
影响因子:
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通讯作者:
C. Meghir
C. Meghir
中科院分区:
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文献类型:
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作者:
R. Blundell;T. Magnac;C. Meghir

文献摘要

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一个模型,允许裁员率和就业到达率的跨期选择的消费和劳动力市场状态。这种模型的识别建立不依赖于动态规划的解决方案和估计的最低数据要求。未观察到的异质性包括在模型的规格,但状态依赖只允许通过裁员和到达率被限制为可观察的弱外生变量的函数。
A model is developed that allows for a layoff rate and a job arrival rate in the intertemporal choice of consumption and labor market state. The identification of such a model is established without recourse to dynamic programming solutions and the minimum data requirements for estimation are derived. Unobserved heterogeneity is included in the model specification but state dependence is only allowed through the layoff and arrival rates which are restricted to be functions of observable weakly exogenous variables.