Competing risks for vacancy durations and endogenous common dependence
AbstractThe paper presents a discussion how firms rationally adjust the level of their recruitment effort in relation to the ease of filling the vacancy through public unemployment offices. This induces dependence between the durations in the two channels of recruitment. Multivariate models with random proportional hazards generated by mixtures, the frailty distributions are used in the paper to discuss and estimate a competing risks model with mutually dependent recruitment channels using Finnish vacancy duration data. The channels of recruitment are found to be (positively) associated. Vacancy durations vary with respect to region, industry, occupational status and local labour market conditions. The explanatory variables have a more moderate effect in the private recruitment channel possibly reflecting a rational adjustment in the search effort by the employer.
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Bibliographic InfoPaper provided by Government Institute for Economic Research Finland (VATT) in its series Discussion Papers with number 107.
Date of creation: 01 Jan 1995
Date of revision:
Find related papers by JEL classification:
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- J64 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies - - - Unemployment: Models, Duration, Incidence, and Job Search
- J38 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Public Policy
- C40 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - General
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