Gregg, Paul and Petrongolo, Barbara (2005) Stock-flow matching and the performance of the labor market. European Economic Review, 49 (8). pp. 1987-2011. ISSN 0014-2921
Full text not available from this repository.Abstract
We estimate outflow equations for vacancies and unemployed workers in Britain, departing from the stock-based analysis of matching in two ways. First, we deal with the temporal aggregation problem that arises when discrete time data are used to describe continuous time processes. Second, we allow for a stock-flow matching mechanism in which the stock of traders on one side of the market matches with the flow of traders on the other side. Our estimates are in line with the predictions of stock-flow matching in terms of higher exit rates of flows and of matching combinations between labor market stocks and flows. Furthermore, employer search effectiveness did not seem to decline between the 1960s and the 1990s. Nevertheless, some deterioration in worker search effectiveness is detected, however less severe than that implied by previous, stock-based work.
| Item Type: | Article |
|---|---|
| Official URL: | http://www.sciencedirect.com/science/journal/00142... |
| Additional Information: | © 2004 Elsevier |
| Divisions: | Centre for Economic Performance Economics |
| Subjects: | H Social Sciences > HD Industries. Land use. Labor |
| JEL classification: | J - Labor and Demographic Economics > J6 - Mobility, Unemployment, and Vacancies > J64 - Unemployment: Models, Duration, Incidence, and Job Search J - Labor and Demographic Economics > J6 - Mobility, Unemployment, and Vacancies > J63 - Turnover; Vacancies; Layoffs |
| Date Deposited: | 21 May 2008 13:39 |
| Last Modified: | 13 Sep 2024 22:00 |
| URI: | http://eprints.lse.ac.uk/id/eprint/4960 |
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