From: Evaluating search and matching models using experimental data
 | British Columbia | New Brunswick |
---|---|---|
Income Assistance benefits, monthly (b a )1 | 927 | 737 |
Unemployment benefits, monthly (b u )2 | 952 | 695 |
UI qualifying months 3 | Â | Â |
Minimum | 4 | 3 |
Maximum | 9 | 8 |
UI benefit months | Â | Â |
Minimum (\(\underline {u}\)) | 5 | 7 |
Maximum (\(\bar {u}\)) | 10 | 12 |
Average job tenure, months (1/δ)4 | 46.68 | 47.28 |
Average hourly wage 4 | 10.65 | 7.78 |
Average wage, tenure > 48 months | 11.12 | 8.22 |
Wage growth equation w(t)= | 7.89+0.0891t | 6.04+0.0418t |
 | −0.000378t 2 | −0.0000736t 2 |
 | +6.10×10−7 t 3 | +5.51×10−8 t 3 |
Minimum wage \((\underline {w})^{5}\) | 5.50 | 5.00 |
Vacancy rate (V/F)6 | 3.20 | 3.20 |
Exogenous job separation rate (δ)7 | 0.0214 | 0.0211 |
Monthly discount factor (β)8 | 0.9835 | 0.9835 |
Elasticity of search costs w.r.t effort (z)9 | 1.8457 | 1.8457 |