Looking into the black box: a survey of the matching function

Petrongolo, Barbara and Pissarides, Christopher (2000) Looking into the black box: a survey of the matching function. CEP discussion paper; CEPDP0470, 470. Centre for Economic Performance, London School of Economics and Political Science, London, UK. ISBN 0-75-301409-2

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Abstract

We survey the microfoundations, empirical evidence and estimation issues underlying the aggregate matching function. Several microeconomic matching mechanisms have been suggested in the literature with some successes but none is generally accepted as superior to all others. Instead, an aggregate matching function with hires as a function of vacancies and unemployment has been successfully estimated for several countries. The Cobb-Douglas restrictions with constant returns to scale perform well. Recent work has utilized disaggregated data to go beyond aggregate estimates, with many refinements and suggestions for future research.

Item Type:	Monograph (Discussion Paper)
Official URL:	http://cep.lse.ac.uk
Additional Information:	© 2000 Barbara Petrongolo and Christopher A. Pissarides
Library of Congress subject classification:	H Social Sciences > HB Economic Theory
Sets:	Collections > Economists Online Research centres and groups > Centre for Economic Performance (CEP) Departments > Economics
Identification Number:	470
Date Deposited:	27 Apr 2007
URL:	http://eprints.lse.ac.uk/2122/

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