A structural model of aggregate US job f
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Philipp Schmidt-Dengler
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Article
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2003
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John Wiley and Sons
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English
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## Abstract A recent article (Collard __et al.__, 2002) published in this journal presented a structural model of aggregate job flows. Unrestricted estimation of the model yields parameter estimates that would imply an unemployment rate of 99%. Instead of solving this problem by fixing one of the p