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Measuring Job-Finding Rates and Matching Efficiency with Heterogeneous Jobseekers
Hall, Robert E. - 2015
Matching efficiency is the productivity of the process for matching jobseekers to available jobs. Job-finding is the … output; vacant jobs and active jobseekers are the inputs. Measurement of matching efficiency follows the same principles as … measuring an index of productivity of production. We develop a framework for measuring matching productivity when the population …
Persistent link: https://www.econbiz.de/10013028544
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The Sensitivity of Consumption to Transitory Income : Estimates from Panel Data on Households
Hall, Robert E.; Mishkin, Frederic S. - 2021
We investigate the stochastic relation between income and consumption (specifically, consumption of food) within a panel of about 2,000 households. Our major findings are: 1. Consumption responds much more strongly to permanent than to transitory movements of income. 2. The response to...
Persistent link: https://www.econbiz.de/10013313805