scholarly journals Labor Market Policy Evaluation in Equilibrium: Some Lessons of the Job Search and Matching Model

2008 ◽  
Author(s):  
Pierre Cahuc ◽  
Thomas Le Barbanchon
Keyword(s):  
Labor Market ◽  
Job Search ◽  
Policy Evaluation ◽  
Labor Market Policy ◽  
Search And Matching ◽  
Matching Model ◽  
Market Policy ◽  
Search And Matching Model

scholarly journals Labor market policy evaluation in equilibrium: Some lessons of the job search and matching model

2010 ◽  
Vol 17 (1) ◽  
pp. 196-205 ◽  
Author(s):  
Pierre Cahuc ◽  
Thomas Le Barbanchon
Keyword(s):  
Labor Market ◽  
Job Search ◽  
Policy Evaluation ◽  
Labor Market Policy ◽  
Search And Matching ◽  
Matching Model ◽  
Market Policy ◽  
Search And Matching Model

scholarly journals An estimated search and matching model of the Japanese labor market

2014 ◽  
Vol 32 ◽  
pp. 86-104 ◽  
Author(s):  
Ching-Yang Lin ◽  
Hiroaki Miyamoto
Keyword(s):  
Labor Market ◽  
Search And Matching ◽  
Matching Model ◽  
Search And Matching Model

scholarly journals A NOTE ON THE RELATION BETWEEN SEARCH COSTS AND SEARCH DURATION FOR NEW HIRES

2020 ◽  
pp. 1-14 ◽  
Author(s):  
Francesco Carbonero ◽  
Hermann Gartner
Keyword(s):  
Labor Market ◽  
Instrumental Variable ◽  
Search Costs ◽  
Market Volatility ◽  
Fixed Costs ◽  
Search And Matching ◽  
Matching Model ◽  
Instrumental Variable Estimation ◽  
Search And Matching Model ◽  
New Hires

Fixed search costs, that is, costs that do not vary with search duration, can amplify the cyclical volatility of the labor market. To assess the size of fixed costs, we analyze the relation between search costs and search duration using German establishment data. An instrumental variable estimation shows no relation between search duration and search costs. We conclude that search costs are mainly fixed costs. Furthermore, we show that a search and matching model, calibrated for Germany with fixed costs close to 75%, can generate labor market volatility that is consistent with the data.

scholarly journals Labor market policy evaluation with ACE

2008 ◽  
Vol 67 (2) ◽  
pp. 418-430 ◽  
Author(s):  
Michael Neugart
Keyword(s):  
Labor Market ◽  
Policy Evaluation ◽  
Labor Market Policy ◽  
Market Policy

scholarly journals Estimating a Search and Matching Model of the Aggregate Labor Market in Japan

2012 ◽  
Author(s):  
Ching Yang Lin ◽  
Hiroaki Miyamoto
Keyword(s):  
Labor Market ◽  
Search And Matching ◽  
Matching Model ◽  
Search And Matching Model

scholarly journals Labor Market Policy Evaluation with ACE

2006 ◽  
Author(s):  
Michael Neugart
Keyword(s):  
Labor Market ◽  
Policy Evaluation ◽  
Labor Market Policy ◽  
Market Policy

scholarly journals Do Matching Frictions Explain Unemployment? Not in Bad Times

2012 ◽  
Vol 102 (4) ◽  
pp. 1721-1750 ◽  
Author(s):  
Pascal Michaillat
Keyword(s):  
Labor Market ◽  
Economic Equilibrium ◽  
Wage Rigidity ◽  
Search And Matching ◽  
Matching Model ◽  
Cyclical Fluctuations ◽  
Matching Frictions ◽  
Search And Matching Model ◽  
Marginal Returns

This paper proposes a search-and-matching model of unemployment in which jobs are rationed: the labor market does not clear in the absence of matching frictions. This job shortage arises in an economic equilibrium from the combination of some wage rigidity and diminishing marginal returns to labor. In recessions, job rationing is acute, driving the rise in unemployment, whereas matching frictions contribute little to unemployment. Intuitively in recessions, jobs are lacking, the labor market is slack, and recruiting is easy and inexpensive, so matching frictions do not matter much. In a calibrated model, cyclical fluctuations in the composition of unemployment are large.

Global dynamics in a search and matching model of the labor market

2018 ◽  
Vol 68 (2) ◽  
pp. 461-497
Author(s):  
Nika Lazaryan ◽  
Thomas A. Lubik
Keyword(s):  
Labor Market ◽  
Global Dynamics ◽  
Search And Matching ◽  
Matching Model ◽  
Search And Matching Model

scholarly journals An Estimated Search and Matching Model of the Croatian Labor Market: Post-crisis Analysis

2020 ◽  
Vol 22 (2) ◽  
pp. 35-72
Author(s):  
Jelena Rkman ◽  
Keyword(s):  
Labor Market ◽  
Bayesian Methods ◽  
Search And Matching ◽  
Matching Model ◽  
Productivity Shocks ◽  
Separation Shock ◽  
Shock Process ◽  
Labor Market Dynamics ◽  
Search And Matching Model ◽  
Simple Search

The paper specifies a simple search and matching model of the labor market and studies how well the model can describe aggregate Croatian labor market dynamics. The model developed is a discrete-time search and matching model with convex vacancy posting costs and two types of shocks: productivity and separation shocks. The model is estimated on unemployment and vacancy data during the period from 2012 to 2020 by using Bayesian methods. The model fits the data well and the estimation shows that productivity shocks are the main driving force of the fluctuations in the labor market, especially for the case of vacancies and output, while the separation shock process accounts for a large percentage of unemployment fluctuations.

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