The Quality‐Weighted Matching Function: Did the German Labor Market Reforms Trade‐Off Efficiency against Job Quality?

We evaluate the quantity–quality trade‐off on the labor market by estimating an augmented matching function weighting the matches by quality measures. We use the approach to evaluate the German labor market reforms conducted between 2003 and 2005. Indeed, we find a significant quantity–quality trade‐off. However, even after controlling for job quality, a good half of the positive effect of the reforms on matching efficiency remains.

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Year of publication:	2023
Authors:	Gartner, Hermann ; Rothe, Thomas ; Weber, Enzo
Published in:	Journal of Money, Credit and Banking. - Hoboken, NJ : Wiley, ISSN 1538-4616. - Vol. 56.2023, 7, p. 1905-1914
Publisher:	Hoboken, NJ : Wiley
Subject:	matching approach \| quantity–quality trade‐off \| labor market reforms \| Germany

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Type of publication:	Article
Type of publication (narrower categories):	Article
Language:	English
Other identifiers:	10.1111/jmcb.13064 [DOI]
Source:	EconStor

Persistent link: https://www.econbiz.de/10015108125