Gregg, Paul and Petrongolo, Barbara (1997) Random or non-random matching? Implications for the use of the UV 234 curve as a measure of matching effectiveness. . London School of Economics and Political Science. Centre for Economic Performance, London, UK.
Full text not available from this repository.Abstract
The instability of the Beveridge curve in Britain since the mid-50s has been interpreted as revealing a detioration of labour market effectiveness in matching vacancies to unemployed job-seekers. This paper repeats the stability analysis of the matching technology, having relaxed some of the restrictions generally imposed in deriving a Beveridge curve. We explore the robustness of the curve under an essentially continuous-time non-random matching technology. The non-random nature of the matching process is derived from a theoretical standpoint of stock/flow matching technology that excludes interactions between the existing stocks of unmatched unemployed and vacancies. The empirical analysis based on this premise leads to a re-thinking of standard conclusions on matching effectiveness.
| Item Type: | Monograph (Discussion Paper) |
|---|---|
| Official URL: | http://cep.lse.ac.uk/ |
| Additional Information: | © 1997 Gregg, Paul and Petrongolo, Barbara |
| Divisions: | Centre for Economic Performance Economics |
| Subjects: | H Social Sciences > HB Economic Theory H Social Sciences > HD Industries. Land use. Labor |
| Date Deposited: | 03 Mar 2008 |
| Last Modified: | 15 Sep 2023 22:44 |
| URI: | http://eprints.lse.ac.uk/id/eprint/3676 |
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