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Beyond Cobb-Douglas: flexibly estimating matching functions with unobserved matching efficiency

Lange, Fabian; Papageorgiou, Theodore - 2020

the empirical literature estimating the matching function, commonly used to map unemployment and vacancies into hires …. First, we show how to non-parametrically identify the matching function. Second, we estimate the matching function allowing … for unobserved matching efficacy, without imposing the usual independence assumption between matching efficiency and …

Persistent link: https://www.econbiz.de/10012206513

Matching efficiency and heterogeneous workers in the UK

Lisauskaitė, Elena - 2022

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 …

Persistent link: https://www.econbiz.de/10013414379

Search, flows, job creations and destructions

Cahuc, Pierre - 2014

This paper presents a short overview of dynamic models of labor markets with transaction costs. It shows that these models have deeply renewed the understanding of job search, job flows, job creations and destructions, unemployment and wage formation. It argues that this renewal provides a very...

Persistent link: https://www.econbiz.de/10010355704

Equilibrium Search with Continuous Productivity Dispersion : Theory and Non-Parametric Estimation

Bontemps, Christian; Robin, Jean-Marc; Berg, Gerard J. … - 1999

In this paper we theoretically and empirically analyze equilibrium search models of the labor market. The Burdett-Mortensen equilibrium search model is generalized by allowing for continuous distributions of firm productivity types within a given labor market. We characterize equilibrium and...

Persistent link: https://www.econbiz.de/10014186027

The job search intensity supply curve : how labor market conditions affect job search effort

Schwartz, Jeremy - 2014

During the Great Recession of 2007, unemployment reached nearly 10 percent and the ratio of unemployment to open positions (as measured by the Help Wanted OnLine Index) more than tripled. The weak labor market prompted an unprecedented extension in the length of time in which a claimant can...

Persistent link: https://www.econbiz.de/10010403637

Empirical Labor Search : A Survey

Eckstein, Zvi; van den Berg, Gerard J. - 2021

This paper surveys the existing empirical research that uses search theory to empirically analyze labor supply questions in a structural framework, using data on individual labor market transitions and durations, wages, and individual characteristics. The starting points of the literature are...

Persistent link: https://www.econbiz.de/10013319635

Do cost-of-living shocks pass through to wages?

Bloesch, Justin; Lee, Seung Joo; Weber, Jacob P. - 2024

features prominently in the model's wage Phillips curve, matching U.S. empirical evidence. We then examine the response of …

Persistent link: https://www.econbiz.de/10015076062

Information frictions and labor market outcomes

Cardoso, Ana Rute; Loviglio, Annalisa; Piemontese, Lavinia - 2015

We analyze the impact of information frictions on workers' wages, contributing to the literature that tested search theory, which has so far focused on labor market frictions in general and not specifically on information asymmetries. Using data for 16 countries from the European Social Survey...

Persistent link: https://www.econbiz.de/10010528571

Wages, rents, unemployment, and the quality of life

Wrede, Matthias - 2013 - This version: March 2013

Combining a spatial equilibrium model with a search-matching unemployment model, this paper analyzes the willingness to …

Persistent link: https://www.econbiz.de/10011560029

How broadband Internet affects labor market matching

Bhuller, Manudeep; Kostøl, Andreas R.; Vigtel, Trond C. - 2019 - This version: December 19, 2019

How the internet affects job matching is not well understood due to a lack of data on job vacancies and quasi …

Persistent link: https://www.econbiz.de/10012156373