Estimations of Occupational and Regional Matching Efficiencies Using Stochastic Production Frontier Models
AbstractBy applying a stochastic production frontier approach to the matching process of unemployed and vacancies, this paper provides novel detailed insights into the process of job creation. For different labor markets as defined by occupation and region, the methodology produces estimates of the relative importance of demand and supply factors for the creation of new jobs, and of the overall efficiency of job creation. Some crucial determinants of the overall matching efficiency are identified and analyzed. This allows to make differentiated statements about the appropriateness of labor market policies, and therefore provides policy makers with novel relevant information.
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Bibliographic InfoPaper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 552.
Length: 26 pages
Date of creation: Aug 2002
Date of revision:
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Find related papers by JEL classification:
- J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
- C24 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Truncated and Censored Models; Switching Regression Models
This paper has been announced in the following NEP Reports:
- NEP-ALL-2002-09-11 (All new papers)
- NEP-GEO-2002-09-11 (Economic Geography)
- NEP-LAB-2002-09-11 (Labour Economics)
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