The matching efficiency of the standard matching function is known to follow a pro-cyclical pattern. An observed … rightward shift in the UK's Beveridge Curve after the Great Recession, suggests a decrease in the matching efficiency between … characteristics of unemployed, using the standard aggregate matching function. Consistent with the findings for the US (Barnichon and …

This paper makes two contributions to the empirical matching literature. First, a recent study by Anderson and Burgess … (2000) testing for endogenous competition among job seekers in a matching framework, is replicated with a richer and more … accurate data set for Germany. Their results are confirmed and found to be surprisingly robust. Second, the matching framework …

. Moreover, it is shown that the neglect of endogenous but not observable behavior in the empirical literature on labor matching … leads to systematically biased estimates of the matching elasticities, posing a caveat on the results of previous studies … testing for constant returns of the matching function. The theoretical model presented allows to predict the direction of the …

similar credentials) on wages. Using a simple model of asymmetric information, I show that RDD estimates the information value … of a diploma. A positive information value arises if employers, unable to observe the test score that determines diploma … information value regardless of whether workers' productivity is solely determined by acquisition of knowledge and skills through …

This paper investigates the method of matching regarding two crucial implementation choices, the distance measure and … the type of algorithm. We implement optimal full matching a fully efficient algorithm and present a framework for … that decisions regarding the matching algorithm depend on the structure of the data: In the case of strong selection into …

's. The paper compares the predictions of the signaling and human capital models in response to an exogenous demand shock … hypotheses are derived. The findings suggest that the signaling model may indeed predict the observed changes in the schooling …

signaling value of education accompanied by more overeducation particularly among upperclass offspring. We identify five …

, potential bias from unobserved heterogeneity and selectivity and consider the core issue of students' information on benefits …