A Symmetric Approach to the Labor Market: An Application of the Sem Method (Tinbergen Institute Research)

Eggink, Evelien

ISBN 10: 9051703074 / ISBN 13: 9789051703078

Published by Thesis Pub 0

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Bibliographic Details

• Title: A Symmetric Approach to the Labor Market: An Application of the Sem Method (Tinbergen Institute Research)
• Publisher: Thesis Pub 0
• Language: English
• ISBN 10: 9051703074
• ISBN 13: 9789051703078
• Binding: paperback
• Condition: Very Good
• Dust Jacket Condition: Dust Jacket Included
• Book Type: book

About this title

Synopsis

This book is concerned with the problem of incomplete data, which is frequently encountered in empirical research. In particular it is motivated by the incompleteness of the data for micro-economic labor market studies, where the potential wages for the unemployed are unknown. A theoretical labor market model is developed which adds the demand side of the market to the neoclassical model of labor supply. Both the supply side and the demand side of the market are modeled by a reservation wage concept, yielding a 'symmetric model' of the labor market. An estimation method tailored to the problem of incomplete data has been developed for the empirical application of the model. The method is applicable to a wide variety of situations where the data are incomplete. The labor market model and the estimation method are used in combination in two empirical analyses of the Dutch labor market. Several policy measures can be evaluated with the empirical model, thereby yielding further insight into the working of the labor market.

About the Author

Evelien Eggink has worked at the Tinbergen Institute and the Econometric Institute at the Erasmus University Rotterdam.