Kohlbrecher, Britta; Merkl, Christian; Nordmeier, Daniela - 2016
There is strong empirical evidence for Cobb-Douglas matching functions. We show in this paper that this widely found … underlying mechanisms. Obviously, it can be generated by assuming a Cobb-Douglas matching function. Less obvious, the same … contacts is an important driver of the elasticity of the job-finding rate with respect to market tightness. Accounting for …