Search Results - subject:"Matching function"

Variable search intensity in an economy with coordination unemployment

Kaas, Leo - 2008

This paper analyzes an urn-ball matching model in which workers decide how intensively they sample job openings and apply at a stochastic number of suitable vacancies. Equilibrium is not constrained efficient; entry is excessive and search intensity can be too high or too low. Moreover, an...

Persistent link: https://www.econbiz.de/10010268694

Essays in Labor Economics

Preugschat, Edgar - 2008

demand uncertainty as a channel of labor market mismatch that doesn't rely on a matching function. Education in specific …

Persistent link: https://www.econbiz.de/10009462822

Variable Search Intensity in an Economy with Coordination Unemployment

Kaas, Leo - Institute for the Study of Labor (IZA) - 2008

foremost purpose of the matching function is to abstract from any explicit source of frictions (including heterogeneity) to ….1 The other limitation is that a reduced–form matching function is, by construction, invariant to policy. Again a more … (2007)). There is a large literature on microeconomic foundations behind the aggregate matching function; see section 3 of …

Persistent link: https://www.econbiz.de/10005822755

Unemployment Insurance: A General Equilibrium Model for the Chilean Economy

Moreno, Carola - Superintendencia de Pensiones, Ministerio del Trabajo y … - 2008

Acknowledging that a non-zero level of benefits is socially optimal, and may even be considered efficient, this paper implements a labor search model that distinguishes between unemployed with and without benefits to quantify the effects on the Chilean labor market that result from increasing...

Persistent link: https://www.econbiz.de/10010551795

Matching and Labour Market Efficiency across Space and through EU accession: Evidence from Latvia, Estonia and Slovenia

Dmitrijeva, Jekaterina - Centre d'Études des Politiques Économiques (EPEE), … - 2008

effects in matching. The potential misspecification of the matching function is addressed by allowing for stock …

Persistent link: https://www.econbiz.de/10010640895

Structural and Cyclical Unemployment: What Can Be Derived from the Matching Function? (in English)

Galušèák, Kamil; Münich, Daniel - In: Czech Journal of Economics and Finance (Finance a uver) 57 (2007) 3-4, pp. 102-125

matching function. We interpret parameter changes of the matching function during the business cycle, distinguishing cyclical …

Persistent link: https://www.econbiz.de/10005536975

The Beveridge Curve

Yashiv, Eran - Centre for Economic Performance, LSE - 2007

matching. JEL Classifications: E24, E32, J63, J64 Keywords: business cycle, job search, matching function, Phillips … or locational imperfections. It is formalized by a ‘matching function’ that takes searching workers and vacant jobs … are determined by a firm optimality equation, equating vacancy costs and benefits at the margin. As can be seen in the equations above, the matching function plays a crucial role in …

Persistent link: https://www.econbiz.de/10005670466

Unemployment, Participation and Market Size

Keller, Godfrey; Roberts, Kevin; Stevens, Margaret - Department of Economics, Oxford University - 2007

We construct an equilibrium random matching model of the labour market, with endogenous market participation and a general matching technology that allows for market size effects: the job-finding rate for workers and the incentives for participation change with the level of unemployment. In...

Persistent link: https://www.econbiz.de/10005047853

The Beveridge curve

Yashiv, Eran - London School of Economics (LSE) - 2007

The Beveridge curve depicts a negative relationship between unemployed workers and job vacancies, a robust finding across countries. The position of the economy on the curve gives an idea as to the state of the labour market. The modern underlying theory is the search and matching model, with...

Persistent link: https://www.econbiz.de/10010744873

Unemployment and vacancies in Turkey : the Beveridge curve and matching function

Kanık, Birol; Sunel, Enes; Taşkın, Temel - In: Central Bank review / The Central Bank of the Republic … 14 (2014) 3, pp. 35-62

Persistent link: https://www.econbiz.de/10010418855