Matchingprozesse auf beruflichen Teilarbeitsmärkten Job Matching on Occupational Labour Markets
AbstractOur paper presents new estimates of matching functions on partial labor markets. We used extensive data, ranging from 1982 to 2003, which results in new insights, extending the knowledge obtained by former empirical studies. We also used the extended time series data to validate model assumptions, like stationarity, statistically. It is shown that some of these assumptions do not hold if recent data is included. We discuss potential consequences and modifications, resulting from these findings. Subsequently, we use a sophisticated pooled mean group panelmodel to providemore detailed insights intomatching processes in the concerning partial labor markets. This approach allows for a more general perspective and furthermore, parameters can be estimated asymptotically efficient via maximum likelihood. The results obtained suggest movements to stable matching processes, positive elasticities of overall matching and decreasing returns to scale. The economical implications of these findings are discussed and compared with the results of other recent studies.
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Bibliographic InfoArticle provided by Justus-Liebig University Giessen, Department of Statistics and Economics in its journal Journal of Economics and Statistics.
Volume (Year): 230 (2010)
Issue (Month): 3 (June)
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More information through EDIRC
Pooled mean group estimator; unemployment; vacancies; matching model; panel data; instationarity;
Find related papers by JEL classification:
- C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
- J44 - Labor and Demographic Economics - - Particular Labor Markets - - - Professional Labor Markets and Occupations
- J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
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