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Title: Astructural and Structural Methods in the Estimation of Models of Labor Force Participation and Search Behavior
Resulting in 1 citation.
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Gonul, Fusun Feride |
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Astructural and Structural Methods in the Estimation of Models of Labor Force Participation and Search Behavior Ph.D. Dissertation, The Ohio State University, 1986. DAI-A 47/08, p. 3144, Feb 1987 Cohort(s): NLSY79 Publisher: UMI - University Microfilms, Bell and Howell Information and Learning Keyword(s): Behavior; Gender Differences; Job Tenure; Labor Force Participation; Layoffs; Mobility; Research Methodology; Unemployment My dissertation consists of three essays. Two of the essays belong to the class of astructural models that specify waiting-time distributions with and without time-varying regressors to depict the gross features of dynamic labor force participation behavior. The third essay builds a wealth maximization model that solves for the individual's decision to work or not, and estimates the structural parameters of the model employing a dynamic programming algorithm within a maximum likelihood routine. The first essay is an attempt to determine whether or not unemployment and out of the labor force are distinct states following recent work in this area. Waiting-time distributions are estimated using data from the National Longitudinal Surveys of Labor Market Experience youth cohort, and the two states are tested for equivalence using a restricted sample where transitions between unemployment and out of the labor force are deleted due to insufficient information on beginning and ending dates of these passages. Then all the information in the data is included and the test is performed again with a special treatment of the missing dates using 'an exponential Bessel function' distribution that is developed by enumerating all possible transitions in the period with missing dates. Contrary to previous results, unemployment and out of the labor force are equivalent states for young men. However, they are not equivalent for young women. The second essay discusses the implications and various interpretations of a defective Gompertz-like hazard function widely employed by economists. A nondefective distribution is derived and the performance of both distributions is compared and the predictive power of each distribution is analyzed. If the behavioral model under investigation mostly displays stayer characteristics, then the defective distribution can explain the immobility more parsimoniously than a nondefective one, and if the model mostly displays mover characteristics, then a nondefective distribution has more explanatory power than the defective one. The third essay builds a wealth maximization model of labor force participation in a nonstationary environment with layoffs and uncertain job offers. Given the structural parameter estimates, experiments are performed to ascertain the impact of changes in forcing variables on unemployment and employment duration. |
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Bibliography Citation
Gonul, Fusun Feride. Astructural and Structural Methods in the Estimation of Models of Labor Force Participation and Search Behavior. Ph.D. Dissertation, The Ohio State University, 1986. DAI-A 47/08, p. 3144, Feb 1987. |