A new working paper has been added to the CINCH working paper series: “Improving Estimation of Labor Market Disequilibrium through Inclusion of Shortage Indicators” by Matthew Baird, Lindsay Daugherty, and Krishna Kumar.
While economic studies assume that labor markets are in equilibrium, there may be specialized labor markets likely in disequilibrium. We develop a new methodology to improve the estimation of a reduced form disequilibrium model from the existing models by incorporating survey-based shortage indicators into the model and estimation. Our shortage indicator informed disequilibrium model includes as a special case the foundational model of Maddala and Nelson (1974), off of which we build. We demonstrate the gains in information provided by the methodology. We show how the model can be implemented by applying it to the market for anesthesiologists in the United States using two waves of surveys of anesthesiologists. In this application, we find that our new shortage indicator informed disequilibrium model fits the data better than the Maddala and Nelson model, as well as performing better with regards to out-of-sample predictive power.
See all working papers.
The University of Duisburg-Essen seeks to fill the following position at the Health Economics Research Center CINCH at the Faculty of Economics and Business Administration:
1 Researcher (Pay grade TV-L, 75%)
You will be a member of the experimental junior research group “Health Care Markets“. The position entails a large component of free research in the domain of health economics.
Your profile: Master with distinction in economics or related field of study. An interest in experimental economics and/or applied work in health economics, in particular on the behavior of agents in health care markets. Written and oral competence in English is required. International experience and an academic background in applied econometrics and/or experimental economics are important assets.
Date of occupation: at the earliest possible date, no later than October 2017.
Contract duration: 36 months
Working Time: 75% of a full time position
Application deadline: 25.08.2017
The University of Duisburg-Essen is an equal opportunity employer and particularly welcomes applications from suitably qualified women. Physically handicapped persons with equivalent qualifications, competence, and achievements will be considered preferentially.
Applications including the usual supporting documents indicating the reference number 441-17 are to be submitted with to Prof. Karlsson by post, to University of Duisburg-Essen, CINCH, Berliner Platz 6-8, 45127 Essen.
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CINCH is one of Germany’s leading research centers in Health Economics. The center is located in Essen and is a joint venture of three institutions: the RWI-Leibniz Institute, the Faculty for Economics and Business Administration of the University of Duisburg-Essen, and the Institute for Competition Economics (DICE) at the Heinrich Heine University in Düsseldorf. CINCH is funded through an initiative of the German Federal Ministry of Education and Research.
Early career researchers are invited to apply for the fellowships to visit CINCH.
The fellowships are aimed at researchers with an interest in health economics who have graduated within the last five years or are close to completion of their PhD. The fellowships cover the travel and accommodation expenses of the applicant. In order for the applicant to experience the vibrant health economics community at CINCH, we prefer applicants to visit during term time. The dates for the next terms are 17.10.2017-10.02.2018 and 18.04.2018-28.07.2018.
Please send your application to email@example.com by 31st of July.