Abstract
We structurally analyze a job search model for unemployed individuals that allows jobs to have different wage/commuting-time combinations. Thestructural parameter of interest is the willingness to pay for commuting time. We use a unique dataset containing subjective responses on the optimalsearch strategy by unemployed individuals in order to estimatethis structural parameter without the need to rely on strong functional form assumptions. We pay special attention to specification errors in the modeland to measurement errors in the data. The estimation results identify certain types of individuals who have a very low willingness to pay for (i.e. avery high disutility of) commuting time.
| Original language | English |
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| Publisher | Vrije Universiteit Amsterdam |
| Publication status | Published - 1996 |
Publication series
| Name | Research Memorandum |
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| No. | 1996-1 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 8 Decent Work and Economic Growth
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