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The matching process before and after the crisis in the Netherlands

Author

Listed:
  • Pablo de Pedraza
  • Kea Tijdens
  • Stefano Visintin

Abstract

Purpose - The purpose of this paper is to explore the matching process before and after the Great Recession in the Netherlands. The Dutch case is interesting because it is characterised by increasing matching efficiency. Design/methodology/approach - This paper uses data from 2001 to 2014 to study the Dutch labour market matching process accounting for the three labour market states and their heterogeneities. Findings - The elasticity of hires with respect to the short-term employed was significant, positive and countercyclical, while elasticities relating to new entrants were procyclical. The matching function (MF) displays constant returns to scale (CRTS) when using an alternative labour supply (LS) measure that includes the short-term employed as jobseekers. The findings are at odds with the idea of mismatch and a shortage of skills. Search frictions for employers were lower and vacancies were filled faster. This can be related to the fact that in a loose labour market context with increasing short-term employment, employers increase their hiring of employed workers which generates negative externalities on unemployed. Originality/value - The implications concern the specification of the MF and the CRTS assumption when using unemployment as a LS measure.

Suggested Citation

  • Pablo de Pedraza & Kea Tijdens & Stefano Visintin, 2018. "The matching process before and after the crisis in the Netherlands," International Journal of Manpower, Emerald Group Publishing Limited, vol. 39(8), pages 1010-1031, November.
    • Handle: RePEc:eme:ijmpps:ijm-10-2018-0329
    DOI: 10.1108/IJM-10-2018-0329
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    Citations

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    Cited by:

    1. Robson Morgan & Kelsey J. O’Connor, 2022. "Labor Market Policy and Subjective Well-Being During the Great Recession," Journal of Happiness Studies, Springer, vol. 23(2), pages 391-422, February.

    More about this item

    Keywords

    Great Recession; Beveridge curve; Matching function; Matching efficiency; J20-22-23; J60-63-64; E24;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity

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