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 WStarC.ox

 WStarC : WStarA

Public fields
ben	static	UI Benefits
data	static	Simulated data set.
dur	static	Duration of \(d\), work status.
eps	static	current value of search, exponentially distributed.
gam	static
lambda	static	layoff prob.
op	static	Normal param vector
sigerr	static
Tben	static	UI period.
wrk	static	Augment \(m\) with random layoffs.
zz	static	standardize cutoff.
Public methods
Continuous		No reservation wage while working .
Create	static	Set up the basic model.
Empval	static	EPDV of acceptance (accounting for layoffs).
EUtility		Return E[U|z<z*] and E[U|z≥z*] and respective probabilities.
FeasibleActions		Must choose to work unless unemployed.
Layoff	static	Layoff probability (\(\lamba\)).
Run	static	Create, solve and simulate data .
Run2	static
UEval	static	Utility of UE: \(\epsilon + b\).
Uz		Return vector of utilities at cutoff z.

Inherited methods from WStarA:

Build, graphit

Inherited fields from WStarA:

cg, eta, g, m, ps, RV

 WStarC

 ben

UI Benefits

 Continuous

No reservation wage while working .

 Create

Set up the basic model.

 data

Simulated data set.

 dur

Duration of \(d\), work status.

 Empval

EPDV of acceptance (accounting for layoffs).

 eps

current value of search, exponentially distributed. Its IID but has to be \(\theta\) is a reservation value model.

 EUtility

Return E[U|z<z*] and E[U|z≥z*] and respective probabilities. Use Mill's ratio to compute truncated mean of normal.

Returns:

Array of two vectors

 FeasibleActions

Must choose to work unless unemployed.

 gam

 lambda

layoff prob.

 Layoff

Layoff probability (\(\lamba\)).

 op

Normal param vector

 Run

Create, solve and simulate data .

 Run2

 sigerr

 Tben

UI period.

 UEval

Utility of UE: \(\epsilon + b\).

 Uz

Return vector of utilities at cutoff z.

 wrk

Augment \(m\) with random layoffs.

 zz

standardize cutoff.