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Author: Kum, Jae Ho
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Kum, Jae Ho |
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Dynamic Search of Non-employed Individuals Ph.D. Dissertation, University of Minnesota, 1992 Cohort(s): NLSY79 Publisher: UMI - University Microfilms, Bell and Howell Information and Learning Keyword(s): Labor Force Participation; Racial Differences; Underemployment; Wages, Reservation In this dissertation the factors causing individuals to choose among non-employment states that is among different methods of search including being out-of-the labor force are addressed. And the effects of these choices on the search outcomes of non-employed individuals are analyzed. For these purposes an estimable discrete-time dynamic stochastic model of search method choice is developed. The model is estimated using data from the 1986 and 1987 panels of the National Longitudinal Survey of Youth Cohorts (NLSY). Estimation is carried out separately by race. The estimates reveal that search costs are decreasing as job seekers accumulate search experience. Also it is found that blacks have higher search costs than do whites and that formal search methods are most costly. Simulation results are in agreement with the predictions of standard search theory: lowering search costs increases the reservation wage and extends the anticipated period of search. Tests of whether or not search and out-of-the labor force are distinct states lead to ambiguous results. While job offer probabilities and accepted wages appear to be the same, exit rates into employment differ between them. |
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Bibliography Citation
Kum, Jae Ho. Dynamic Search of Non-employed Individuals. Ph.D. Dissertation, University of Minnesota, 1992. |