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Philipp Schmidt-Dengler

a structural model of aggregate us job flows: another look (replication data)

A recent article (Collard et al., 2002) published in this journal presented a structural model of aggregate job flows. Unrestricted estimation of the model yields parameter estimates that would imply an unemployment rate of 99%. Instead of solving this problem by fixing one of the parameters, as originally attempted by the authors, I add moments regarding the employment rate. The new results call for a re-evaluation of the model.

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Schmidt-Dengler, Philipp (2003): A structural model of aggregate US job flows: another look (replication data). Version: 1. Journal of Applied Econometrics. Dataset. http://dx.doi.org/10.15456/jae.2022314.1311086094

Related Publication

Schmidt-Dengler, P. (2003), A Structural Model Of Aggregate Us Job Flows: Another Look, Journal of Applied Econometrics, 18(1), 113-118. https://doi.org/10.1002/jae.702