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dc.contributor.authorLevine, Phillipen_US
dc.identifier.citationEastern Economic Journal, Vol 19, No. 2, Spring 1993en_US
dc.description.abstractThis paper assesses the ability of a simple search—theoretic model to explain the results of two controlled reemployment bonus experiments. The availability of two independent experiments with substantially different treatments allows for a rigorous test of the model. Parameters of the model are estimated by minimizing the distance between the observed and predicted aggregate response in each experiment, then cross-validated using the observed and predicted treatment response from the other experiment. The model is unable to predict an effect as large as that observed in one of the experiments. In addition, the model cannot explain the degree of individual—specific wage variability found in the data. The relative success of models with and without variable search intensity is also considered, but the statistical procedures cannot distinguish between them.en_US
dc.relation.ispartofseriesWorking Papers (Princeton University. Industrial Relations Section) ; 257en_US
dc.subjectsearch theoryen_US
dc.subjectunemployment insuranceen_US
dc.subjectreemployment bonusesen_US
dc.titleTesting Search Theory with Reemployment Bonus Experiments: Cross-Validation of Results from New Jersey and Illinoisen_US
dc.typeWorking Paperen_US
Appears in Collections:IRS Working Papers

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