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Job searchers, job matches and the elasticity of matching ob searchers

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  • Broersma, L.

    (Vrije Universiteit Amsterdam, Faculteit der Economische Wetenschappen en Econometrie (Free University Amsterdam, Faculty of Economics Sciences, Business Administration and Economitrics)

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    Abstract

    This paper stresses the importance of a specification of the matching function, where the measure of job matches as a dependent variable, corresponds to the stock of job searchers. In many empirical studies on the matching function this requirement has not been fulfilled. In this paper, we show that using unemployment outflow to a job as measure of job matches. related to unemployment and vacancies, gives a higher elasticity of matching with respect to unemployment, compared to the same elasticity when the flow of filled vacancies is used as measure of job matches. We have specified and estimated matching functions for The Netherlands to illustrate our point.

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    Bibliographic Info

    Paper provided by VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics in its series Serie Research Memoranda with number 0004.

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    Date of creation: 1996
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    Handle: RePEc:dgr:vuarem:1996-4

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    Web page: http://www.feweb.vu.nl

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    1. Burgess, Simon M., 1994. "Matching models and labour market flows," European Economic Review, Elsevier, vol. 38(3-4), pages 809-816, April.
    2. Burgess, Simon M, 1993. "A Model of Competition between Unemployed and Employed Job Searchers: An Application to the Unemployment Outflow Rate in Britain," Economic Journal, Royal Economic Society, vol. 103(420), pages 1190-204, September.
    3. Burda, Michael C & Wyplosz, Charles, 1993. "Gross Worker and Job Flows in Europe," CEPR Discussion Papers 868, C.E.P.R. Discussion Papers.
    4. van Ours, Jan C., 1995. "An empirical note on employed and unemployed job search," Economics Letters, Elsevier, vol. 49(4), pages 447-452, October.
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    Cited by:
    1. Karen Mumford & Peter N. Smith, . "The Hiring Function Reconsidered: On Closing The Circle," Discussion Papers 96/45, Department of Economics, University of York.

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