Non-employment Duration of Recent Korean College Graduates and Usual Suspects: Evidence from the Classical Job Search Model

• 발행기관: 한국자료분석학회
• 저자명: 우석진(Seokjn Woo) 전병힐(Byung-hill Jun)
• 간행물 정보: 『Journal of The Korean Data Analysis Society (JKDAS)』Vol.18 No.2, 639~651쪽, 전체 13쪽
• 주제분류: 자연과학 > 통계학
• 파일형태: PDF
• 발행일자: 2016.04.30

영문 초록

This paper estimated the classical job search model for the Korean college graduates. Using the 2005GOMS (graduates occupational mobility survey), the job-arrival rate and the wage offer distribution are separately estimated. The estimation results provide interesting insight for the recent college graduates long non-employment duration. More specifically, the high reservation wage turns out to be attributable only partly to the observed long non-employment duration of Korean college graduates. Rather, a more significant determinant is estimated to be the infrequency of wage offers. Some counterfactual experiments reveal that lowering the reservation wage plays a very limited role in shortening the non-employment duration of the recent college graduates. But the increase of the job-arrival rate has a more significant impact. For example, the non-employment duration of college graduates falls by 1.2 months when the job-arrival rate increases by 10% from the status quo.

목차

1. Introduction

2. Model and Econometric Specification

3. Structural estimation and estimation results

4. Counterfactual experiments

5. Conclusions and policy implications

References

키워드

labor market non-employment classical job search model structural estimation