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Random and stock-flow models of labour market matching - Swedish evidence

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Author Info

  • Forslund, Anders

    ()
    (IFAU - Institute for Labour Market Policy Evaluation)

  • Johansson, Kerstin

    (IFAU - Institute for Labour Market Policy Evaluation)

Abstract

In this paper we estimate aggregate matching functions taking advantage of a rich data base that enables us to compute observations on the variables in the matching function at (virtually) any frequency to assess the importance of the time aggregation problem. We also generate stocks, outflows and inflows of vacancies and job seekers to shed light on the importance of stock-slow matching. Finally, we assess the contribution of labour market programme participants to matching. Our evidence rejects random matching. More precisely, we find that a non-trivial fraction of new job seekers match instantly (within the first week), that stocks of "old" vacancies and job seekers do not contribute significantly to matching and that the inflow of vacancies matches with the lagged stock of job seekers. Our results also suggest that labour market programme participants contribute to matching to a lesser extent than openly unemployed job seekers. We also find that the use of lagged stocks as right-hand side variables in matching functions (i.e., ignoring the within-period inflow of job seekers and vacancies) gives lower estimates of matching elasicities and that this is more pronounced the lower the measurement frequency.

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Bibliographic Info

Paper provided by IFAU - Institute for Evaluation of Labour Market and Education Policy in its series Working Paper Series with number 2007:11.

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Length: 27 pages
Date of creation: 12 Apr 2007
Date of revision:
Handle: RePEc:hhs:ifauwp:2007_011

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Postal: IFAU, P O Box 513, SE-751 20 Uppsala, Sweden
Phone: (+46) 18 - 471 70 70
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Keywords: Stock flow matchíng; time aggregation;

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References

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  1. van den Berg, Gerard & Lindeboom, Maarten & López, Marta, 2007. "Inequality in individual mortality and economic conditions earlier in life," Working Paper Series 2007:7, IFAU - Institute for Evaluation of Labour Market and Education Policy.
  2. Lundin, Daniela & Mörk, Eva & Öckert, Björn, 2007. "Do reduced child care prices make parents work more?," Working Paper Series 2007:2, IFAU - Institute for Evaluation of Labour Market and Education Policy.
  3. Andersson, Christian, 2007. "Teacher density and student achievement in Swedish compulsory schools," Working Paper Series 2007:4, IFAU - Institute for Evaluation of Labour Market and Education Policy.
  4. Andersson, Christian & Waldenström, Nina, 2007. "Teacher supply and the market for teachers," Working Paper Series 2007:5, IFAU - Institute for Evaluation of Labour Market and Education Policy.
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Cited by:
  1. Mathias Trabandt & Karl Walentin & Lawrence J. Christiano, 2008. "Introducing Financial Frictions and Unemployment into a Small Open Economy Model," 2008 Meeting Papers 423, Society for Economic Dynamics.
  2. Eriksson, Stefan & Stadin, Karolina, 2011. "The Determinants of Hiring in Local Labor Markets: The Role of Demand and Supply Factors," Working Paper Series 2011:19, Uppsala University, Department of Economics.
  3. Anders Forslund & Alan B. Krueger, 2008. "Did Active Labour Market Policies Help Sweden Rebound from the Depression of the Early 1990s?," Working Papers 1035, Princeton University, Department of Economics, Center for Economic Policy Studies..
  4. Jahn, Elke J. & Wagner, Thomas, 2008. "Do Targeted Hiring Subsidies and Profiling Techniques Reduce Unemployment?," Working Papers 08-19, University of Aarhus, Aarhus School of Business, Department of Economics.
  5. Johansson, Kerstin, 2006. "Do labor market flows affect labor-force participation?," Working Paper Series 2006:17, IFAU - Institute for Evaluation of Labour Market and Education Policy.
  6. Stadin, Karolina, 2012. "Vacancy Matching and Labor Market Conditions," Working Paper Series 2012:16, Uppsala University, Department of Economics.

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