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Since 1979, the Bureau of Labor Statistics (BLS) has nearly quadrupled the size of the sample used to estimate monthly employment changes. Although first-reported employment estimates are still noisy, the magnitude of sampling variability has declined in proportion to the increase in the sample...
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Poland, Hungary. and Czechoslovakia and develop a model of changing support for reforms during the transition to a market … massive vacancies. The dispersion of wages increased substantially in Hungary and Poland though not in Czechoslovakia. My …
Persistent link: https://www.econbiz.de/10012474756
In this paper, we propose a matching model to study the efficiency of thin and thick markets. Our model shows that the … that a person can find a job is higher in a thick market than in a thin market. We apply our matching model to the U … openings and more candidates has a higher probability of matching …
Persistent link: https://www.econbiz.de/10012467874
. Consider the following matching mechanism: take a random draw from the `W=w_j` subgroup of the first population and match her … function (AMF), denote the expected output associated with this match. We show that (i) the AMF is identified when matching is … conditionally exogenous, (ii) conditionally exogenous matching is compatible with a pairwise stable aggregate matching equilibrium …
Persistent link: https://www.econbiz.de/10012456576
By applying a stochastic production frontier approach to the matching process of unemployed and vacancies, this paper … region, the methodology produces estimates of the relative importance of demand and supply factors for the creation of new … jobs, and of the overall efficiency of job creation. Some crucial determinants of the overall matching efficiency are …
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