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Building a composite Help-Wanted Index over 1951-2009

  • Barnichon, Regis

This paper presents a measure of vacancy posting that captures the behavior of total --print and online-- help-wanted advertising. By modeling the share of online job advertising as the diffusion of a new technology --online job posting and job search-- I can combine information on both print and online help-wanted advertising. I use this consistent measure of vacancy posting over 1951-2009 to estimate the elasticity of the matching function and find an estimate of 0.58.

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File URL: http://mpra.ub.uni-muenchen.de/19541/1/MPRA_paper_19541.pdf
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 19541.

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Date of creation: 15 Dec 2009
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Handle: RePEc:pra:mprapa:19541
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  1. Mortensen, Dale T & Pissarides, Christopher A, 1994. "Job Creation and Job Destruction in the Theory of Unemployment," Review of Economic Studies, Wiley Blackwell, vol. 61(3), pages 397-415, July.
  2. Robert Shimer, 2007. "Reassessing the Ins and Outs of Unemployment," NBER Working Papers 13421, National Bureau of Economic Research, Inc.
  3. Robert Shimer, 2005. "The Cyclical Behavior of Equilibrium Unemployment and Vacancies," American Economic Review, American Economic Association, vol. 95(1), pages 25-49, March.
  4. Petrongolo, Barbara & Pissarides, Christopher, 2000. "Looking Into The Black Box: A Survey Of The Matching Function," CEPR Discussion Papers 2409, C.E.P.R. Discussion Papers.
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