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elasticity of labor supply. Thus, our results uncover the previously undocumented power of words in the job matching process …
Persistent link: https://www.econbiz.de/10012985200
We develop a framework where mismatch between vacancies and job seekers across sectors translates into higher unemployment by lowering the aggregate job-finding rate. We use this framework to measure the contribution of mismatch to the recent rise in U.S. unemployment by exploiting two sources...
Persistent link: https://www.econbiz.de/10013102714
addition to vacancies, as they vary hires. Building from our evidence and a generalized matching function, we construct a new … matching function, delivers a better-fitting empirical Beveridge Curve, and accounts for a large share of fluctuations in … search, matching and hiring in the labor market …
Persistent link: https://www.econbiz.de/10013139283
Unemployment arises from frictions in the matching of job-seekers and employers. The level of resources that employers …
Persistent link: https://www.econbiz.de/10013218331
It is often argued that informal labor markets in developing countries promote growth by reducing the impact of regulation. On the other hand informality may reduce the amount of social protection offered to workers. We extend the wage-posting framework of Burdett and Mortensen (1998) to allow...
Persistent link: https://www.econbiz.de/10013101278
This paper presents a new approach to the measurement of the effects of spatial mismatch that takes advantage of matched employer-employee administrative data integrated with a person-specific job accessibility measure, as well as demographic and neighborhood characteristics. The basic...
Persistent link: https://www.econbiz.de/10013054875
Macroeconomic models often incorporate some form of wage stickiness to help account for employment fluctuations. However, a recent literature calls in to question this approach, citing evidence of new hire wage cyclicality from panel data studies as evidence for contractual wage flexibility for...
Persistent link: https://www.econbiz.de/10012989117
Search theory suggests that early career job changes on balance lead to better matches that benefit both workers and firms, but this may not hold in teacher labor markets characterized by salary rigidities, barriers to entry, and substantial differences in working conditions that are difficult...
Persistent link: https://www.econbiz.de/10013146939
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
Unemployment Insurance (UI) benefits have a moral hazard effect and a liquidity effect, with both generating increases in unemployment spells but the latter increasing wages due to the ability to find better matches or better jobs. Previous papers, however, find mixed evidence on the impact of...
Persistent link: https://www.econbiz.de/10013293512