TY  - RPRT
        AU  - Ridder, Geert
AU  - Berg, Gerard J. van den
        TI  - Measuring Labor Market Frictions: A Cross-Country Comparison
        PY  - 2003/Jul/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 814
        UR  - https://www.iza.org/index.php/publications/dp814
        AB  - 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.
        KW  - job search
KW  - minimum wage
KW  - monopsony power
KW  - cross-country comparisons
KW  - search frictions
KW  - wages
KW  - mobility
KW  - labor market policy
        ER  -