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Marketplace matching in Britain: Evidence from individual unemployment spells

  • Kuo, Mien-Yun
  • Smith, Eric

This paper investigates job matching patterns in Great Britain. Evidence from individual transitions out of unemployment demonstrates that recently unemployed workers are likely to find jobs in the existing stock of vacancies. If, however, they are unlucky and fail to match early on, job seekers cease matching with existing vacancies. Workers with longer unemployment spells instead form matches with the flow of new vacancies. This pattern is more pronounced for workers who experienced only short spells of employment prior to their current job search. This evidence provides robust support for stock-flow matching but is difficult to reconcile with random matching.

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Article provided by Elsevier in its journal Labour Economics.

Volume (Year): 16 (2009)
Issue (Month): 1 (January)
Pages: 37-46

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Handle: RePEc:eee:labeco:v:16:y:2009:i:1:p:37-46
Contact details of provider: Web page: http://www.elsevier.com/locate/labeco

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  1. Ricardo Lagos, 2000. "An Alternative Approach to Search Frictions," Journal of Political Economy, University of Chicago Press, vol. 108(5), pages 851-873, October.
  2. Margaret Stevens, 2007. "New Microfoundations For The Aggregate Matching Function," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 48(3), pages 847-868, 08.
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  7. Gregg, Paul & Wadsworth, Jonathan, 1996. "How Effective Are State Employment Agencies? Jobcentre Use and Job Matching in Britain," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 58(3), pages 443-67, August.
  8. Nickell, Stephen J, 1979. "Estimating the Probability of Leaving Unemployment," Econometrica, Econometric Society, vol. 47(5), pages 1249-66, September.
  9. Olympia Bover & Manuel Arellano & Samuel Bentolila, 2002. "Unemployment Duration, Benefit Duration and the Business Cycle," Economic Journal, Royal Economic Society, vol. 112(479), pages 223-265, April.
  10. Meyer, Bruce D, 1990. "Unemployment Insurance and Unemployment Spells," Econometrica, Econometric Society, vol. 58(4), pages 757-82, July.
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  12. Coles, Melvyn G & Smith, Eric, 1998. "Marketplaces and Matching," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 39(1), pages 239-54, February.
  13. M Andrews & S Bradley & D Stott & R Upward, 2003. "Testing Theories of Labour Market Matching," The School of Economics Discussion Paper Series 0318, Economics, The University of Manchester.
  14. Narendranathan, W & Stewart, Mark B, 1993. "How Does the Benefit Effect Vary as Unemployment Spells Lengthen?," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 8(4), pages 361-81, Oct.-Dec..
  15. Gregg, Paul & Petrongolo, Barbara, 2005. "Stock-flow matching and the performance of the labor market," European Economic Review, Elsevier, vol. 49(8), pages 1987-2011, November.
  16. Taylor, Curtis R, 1995. "The Long Side of the Market and the Short End of the Stick: Bargaining Power and Price Formation in Buyers', Sellers', and Balanced Markets," The Quarterly Journal of Economics, MIT Press, vol. 110(3), pages 837-55, August.
  17. Coles, Melvyn G, 1994. "Understanding the Matching Function: The Role of Newspapers and Job Agencies," CEPR Discussion Papers 939, C.E.P.R. Discussion Papers.
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