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

Petrongolo, Barbara and Pissarides, Christopher ORCID: 0000-0002-0695-058X (2000) Looking into the black box: a survey of the matching function. CEP discussion paper; CEPDP0470 (470). London School of Economics and Political Science. Centre for Economic Performance, 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
Divisions:	Centre for Economic Performance Economics
Subjects:	H Social Sciences > HB Economic Theory
Date Deposited:	27 Apr 2007
Last Modified:	11 Dec 2024 18:27
URI:	http://eprints.lse.ac.uk/id/eprint/2122

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