Measuring Labor Market Frictions: A Cross-Country Comparison

Arbeitspapier

In this paper we define and estimate measures of labor market frictions using data on job durations. We compare different estimation methods and different types of data. We propose and apply an unconditional inference method that can be applied to aggregate duration data. It does not require wage data, it is invariant to the way in which wages are determined, and it allows workers to care about other job characteristics. The empirical analysis focuses on France, but we perform separate analyses for the USA, the UK, Germany and the Netherlands. We quantify the monopsony power due to search frictions and we examine the policy effects of the minimum wage, unemployment benefits and search frictions.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: IZA Discussion Papers ; No. 814

Classification and Topics

• Classification: Wirtschaft
• Subject: wages ; search frictions ; cross-country comparisons ; monopsony power ; minimum wage ; job search ; mobility ; labor market policy ; Arbeitsmarkt ; Unvollkommener Markt ; Arbeitsuche ; Monopson ; Frankreich ; Großbritannien ; Deutschland ; Niederlande

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Ridder, Geert ; van den Berg, Gerard J.
• Event: Veröffentlichung
• (who): Institute for the Study of Labor (IZA)
• (where): Bonn
• (when): 2003

Further information

• Handle: http://hdl.handle.net/10419/20059
• Last update: 10.03.2025, 11:44 AM CET