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Empirical Matching Functions
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Book Synopsis Empirical Matching Functions by : Patricia M. Anderson
Download or read book Empirical Matching Functions written by Patricia M. Anderson and published by . This book was released on 1995 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper, we estimate matching functions using disaggregate data. We find strong support for the matching approach, with most specifications implying slightly increasing returns to scale. This finding does not appear to arise from our inclusion of additional controls or from the level of disaggregation, and so we conclude that earlier findings of constant returns in the US may be due to the various approximations needed to construct an aggregate time series. We also find evidence of endogenous job competition between the employed and nonemployed, so that the estimated parameters from a matching function cannot be interpreted as structural parameters.
Book Synopsis Empirical matching functions by : National Bureau of Economic Research
Download or read book Empirical matching functions written by National Bureau of Economic Research and published by . This book was released on 1995 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Empirical Matching Functions by : Uwe Sunde
Download or read book Empirical Matching Functions written by Uwe Sunde and published by . This book was released on 2007 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper shows that conventional empirical estimates of matching functions are systematically biased, because unobservable and endogenous search behaviour, such as on-the-job search by workers or the use of different search channels by firms, is neglected. I propose an approach for recovering unbiased elasticities under different scenarios of competition for workers and jobs without the need for constructing proxies for unobserved stocks of searchers and vacancies. Using German administrative data, I estimate the biases affecting conventional studies and derive bias-corrected estimates of the matching elasticities under different scenarios.
Book Synopsis Strategic Hiring Behavior in Empirical Matching Functions /René Fahr, Uwe Sunde by : René Fahr
Download or read book Strategic Hiring Behavior in Empirical Matching Functions /René Fahr, Uwe Sunde written by René Fahr and published by . This book was released on 2001 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Strategic Hiring Behavior in Empirical Matching Functions by : René Fahr
Download or read book Strategic Hiring Behavior in Empirical Matching Functions written by René Fahr and published by . This book was released on 2001 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Disaggregate Matching Functions by : René Fahr
Download or read book Disaggregate Matching Functions written by René Fahr and published by . This book was released on 2001 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Unobserved Bilateral Search on the Labor Market by : Uwe Sunde
Download or read book Unobserved Bilateral Search on the Labor Market written by Uwe Sunde and published by . This book was released on 2002 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Job searchers, job matches and the elasticity of matching by : Lourens Broersma
Download or read book Job searchers, job matches and the elasticity of matching written by Lourens Broersma and published by . This book was released on 2000 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper stresses the importance of a specification of the matching function in which the measure of job matches corresponds to the measure of job searchers. In many empirical studies on the matching function this requirement has not been fulfilled because it is difficult to find information about employed job searchers and job searchers from outside the labor market. In this paper, we specify and estimate matching functions where the flow corresponds to the correct stock. We use several approximations for the stock of non-unemployed job searchers. We find that the estimation results are sensitive to the approximation we use. Our main conclusion is that it is important to account for the behavior of non-unemployed job searchers since otherwise the estimated parameters of the matching function may be seriously biased.
Book Synopsis New Microfoundations for the Aggregate Matching Function, with Empirical and Theoretical Implications by : Margaret Stevens
Download or read book New Microfoundations for the Aggregate Matching Function, with Empirical and Theoretical Implications written by Margaret Stevens and published by . This book was released on 2002 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Beyond Cobb-Douglas by : Fabian Lange
Download or read book Beyond Cobb-Douglas written by Fabian Lange and published by . This book was released on 2020 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exploiting results from the literature on non-parametric identification, we make three methodological contributions to the empirical literature estimating the matching function, commonly used to map unemployment and vacancies into hires. First, we show how to non-parametrically identify the matching function. Second, we estimate the matching function allowing for unobserved matching efficacy, without imposing the usual independence assumption between matching efficiency and search on either side of the labor market. Third, we allow for multiple types of jobseekers and consider an "augmented” Beveridge curve that includes them. Our estimated elasticity of hires with respect to vacancies is procyclical and varies between 0.15 and 0.3. This is substantially lower than common estimates suggesting that a significant bias stems from the commonly-used independence assumption. Moreover, variation in match efficiency accounts for much of the decline in hires during the Great Recession.
Book Synopsis Revisiting the Matching Function by : Britta Kohlbrecher
Download or read book Revisiting the Matching Function written by Britta Kohlbrecher and published by . This book was released on 2016 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is strong empirical evidence for Cobb-Douglas matching functions. We show in this paper that this widely found relation between matches on the one hand and unemployment and vacancies on the other hand can be the result of different underlying mechanisms. Obviously, it can be generated by assuming a Cobb-Douglas matching function. Less obvious, the same relationship results from a vacancy free entry condition and idiosyncratic productivity shocks. A positive aggregate productivity shock leads to more vacancy posting, a shift of the idiosyncratic selection cutoff and thereby more hiring. We calibrate a model with both mechanisms to administrative German labor market data and show that idiosyncratic productivity for new contacts is an important driver of the elasticity of the job-finding rate with respect to market tightness. Accounting for idiosyncratic productivity can explain the observed negative time trend in estimated matching efficiency and asymmetric business cycle responses to large aggregate shocks.
Book Synopsis Looking Into the Black Box by : Barbara Petrongolo
Download or read book Looking Into the Black Box written by Barbara Petrongolo and published by . This book was released on 2000 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Looking Into the Black Box by : Barbara Petrongolo
Download or read book Looking Into the Black Box written by Barbara Petrongolo and published by . This book was released on 2000 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discusses the process that matches unemployed workers to available job vacancies. Explores the microfoundations, empirical evidence, and estimation issues underlying the aggregate matching function.
Book Synopsis A Test Between Stock-Flow Matching and the Random Matching Function Approach by : Melvyn G. Coles
Download or read book A Test Between Stock-Flow Matching and the Random Matching Function Approach written by Melvyn G. Coles and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This article tests between the standard random matching function approach and stock-flow matching while controlling for temporal aggregation bias. Consistent with previous empirical work, the random matching function fits the matching data reasonably well. But match flows are more highly correlated with vacancy inflows than is consistent with the random matching approach. Instead the data support stock-flow matching, where unemployed workers match directly with suitable new vacancies as such vacancies come on to the market.
Book Synopsis Signals in Two-sided Search by : Friedrich Gerd Poeschel
Download or read book Signals in Two-sided Search written by Friedrich Gerd Poeschel and published by . This book was released on 2012 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: We introduce signals to search models of two-sided matching markets and explore the implications for efficiency. In a labour market model in which firms can advertise wages and workers can choose effort, we find that advertisements can help overcome the Diamond paradox. Advertisements fix workers' beliefs, so that workers will react if firms renege on advertisements. Firms then prefer to advertise truthfully. Next, we consider a market with two-sided heterogeneity in which types are only privately observable. We identify a simple condition on the match output function for agents to signal their types truthfully and for the matching to exhibit positive assortative matching despite search frictions. While our theoretical work implies that the efficiency of matching increases as information technology spreads, empirical matching functions typically suggest that it declines. By estimating more general matching functions, we show that the result of declining efficiency can partly be attributed to omitted variable bias.
Book Synopsis Understanding the Matching Function by : Melvyn Glyn Coles
Download or read book Understanding the Matching Function written by Melvyn Glyn Coles and published by . This book was released on 1994 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Wage Dispersion written by Dale Mortensen and published by MIT Press. This book was released on 2003 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt: A theoretical and empirical examination of wage differentials findsthat traditional theories of competition do not explain why workers with identical skills are paid differently.
