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A note on the estimation of the rate of learning in statistical learning models

✍ Scribed by Pate, James L.

Book ID
125415652
Publisher
Springer - Psychonomic Society
Year
1964
Weight
482 KB
Volume
1
Category
Article
ISSN
0033-3131

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## Abstract We construct and estimate by maximum likelihood a job search model where wages are set by Nash bargaining and idiosyncratic productivity follows a geometric Brownian motion. The proposed framework enables us to endogenize job destruction and to estimate the rate of learning‐by‐doing. Al