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Training or search? Evidence and models.

Nie, Jun.

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Training or search? Evidence and models.

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Training or search? Evidence and models./
Author:	Nie, Jun.
Description:	148 p.
Notes:	Source: Dissertation Abstracts International, Volume: 70-07, Section: A, page: 2634.
Contained By:	Dissertation Abstracts International70-07A.
Subject:	Economics, General. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3365722
ISBN:	9781109258783

Training or search? Evidence and models.
Nie, Jun.

Training or search? Evidence and models. - 148 p.

Source: Dissertation Abstracts International, Volume: 70-07, Section: A, page: 2634.

Thesis (Ph.D.)--New York University, 2009.

Training programs are a major tool of labor market policies in OECD countries. By improving workers' human capital, they intend to help integrate unemployed workers back to employment.

ISBN: 9781109258783Subjects--Topical Terms:

1017424
Economics, General.

Training or search? Evidence and models.
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020 $a 9781109258783
035 $a (UMI)AAI3365722
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100 1 $a Nie, Jun. $3 1673617
245 1 0 $a Training or search? Evidence and models.
300 $a 148 p.
500 $a Source: Dissertation Abstracts International, Volume: 70-07, Section: A, page: 2634.
500 $a Adviser: Thomas J. Sargent.
502 $a Thesis (Ph.D.)--New York University, 2009.
520 $a Training programs are a major tool of labor market policies in OECD countries. By improving workers' human capital, they intend to help integrate unemployed workers back to employment.
520 $a In Chapter 1, I develop and estimate a dynamic model of search and training participation decisions in a search framework to study the effects of the policies regarding training programs and unemployment benefits on an economy's unemployment, employment and output levels.
520 $a The model extends McCall (QJE, 1970) and Ljungqvist and Sargent (JPE, 1998) by incorporating a training decision and a broader menu of unemployment benefits. Government-sponsored training programs feature a key trade-off with respect to unemployment insurance programs: they offer more generous unemployment benefits but require more time and effort from workers to generate higher skills. As a result, unemployed workers with different human capital and benefits make different decisions about training, search, and job acceptance.
520 $a I use the model to quantitatively study the recent reforms implemented in Germany and run more counterfactual experiments. I simulate the transition path under back-to-back unexpected reforms in 2003-2006 and find the dynamics of the model's unemployment rates are close to the data. In a counterfactual experiment in which I model an economy with a German-like training system and a US-like unemployment benefit structure (roughly, benefits are lower), I find that employment and output rise substantially.
520 $a In Chapter 2, I outline and discuss several possible extensions to the model I developed in Chapter 1. These include (1) an economy which allows risk-averse workers to save in an incomplete asset market; (2) an economy in which agents in different ages have different search and training decisions; and (3) an economy that endogenizes the wage distribution and the demand side.
590 $a School code: 0146.
650 4 $a Economics, General. $3 1017424
650 4 $a Economics, Labor. $3 1019135
690 $a 0501
690 $a 0510
710 2 $a New York University. $b Economics. $3 1032403
773 0 $t Dissertation Abstracts International $g 70-07A.
790 1 0 $a Sargent, Thomas J., $e advisor
790 1 0 $a Backus, David $e committee member
790 1 0 $a Violante, Gianluca $e committee member
790 $a 0146
791 $a Ph.D.
792 $a 2009
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3365722