Measuring Search Frictions Using Japanese Microdata
AbstractThis paper estimates matching functions to measure search frictions in the Japanese labor market and presents determinants of search duration to explain the effect of unemployment benefits on a job seekerfs behavior. We employ administrative micro data that track the job search process of individuals who left or lost their job in August 2005 and subsequently registered at their local public employment service. Our finding is that the matching function would exhibit decreasing returns-to-scale for job seekers and vacancies, rather than constant return-to-scale. We also find that generous unemployment benefits lengthen (shorten) the duration of job search for job seekers who voluntarily (involuntarily) leave employment.
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Bibliographic InfoPaper provided by Osaka University, Graduate School of Economics and Osaka School of International Public Policy (OSIPP) in its series Discussion Papers in Economics and Business with number 11-07-Rev.
Length: 36 pages
Date of creation: Feb 2011
Date of revision: May 2012
Job Search; Matching Model; Unemployment; Unemployment Benefits;
Other versions of this item:
- Masaru Sasaki & Miki Kohara & Tomohiro Machikita, 2011. "Measuring Search Frictions Using Japanese Microdata," Discussion Papers in Economics and Business 11-07, Osaka University, Graduate School of Economics and Osaka School of International Public Policy (OSIPP).
- J64 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies - - - Unemployment: Models, Duration, Incidence, and Job Search
- J65 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies - - - Unemployment Insurance; Severance Pay; Plant Closings
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-05-22 (All new papers)
- NEP-DGE-2012-05-22 (Dynamic General Equilibrium)
- NEP-LAB-2012-05-22 (Labour Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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