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Fahr, René; Sunde, Uwe - Institute for the Study of Labor (IZA) - 2001

This paper deals with empirical matching functions. The paper is innovative in several ways. First, unlike in most of … the existing literature, matching functions are estimated not only on aggregate, but also on disaggregate levels which is …

Persistent link: https://www.econbiz.de/10005762399

Labor Search and Matching in Macroeconomics

Yashiv, Eran - Institute for the Study of Labor (IZA) - 2007

The labor search and matching model plays a growing role in macroeconomic analysis. This paper provides a critical …

Persistent link: https://www.econbiz.de/10005822179

A Test between Unemployment Theories Using Matching Data

Coles, Melvyn; Petrongolo, Barbara - Institute for the Study of Labor (IZA) - 2003

This paper tests whether aggregate matching is consistent with unemployment being mainly due to search frictions or due … to job queues. Using U.K. data and correcting for temporal aggregation bias, estimates of the random matching function … are consistent with previous work in this field, but random matching is formally rejected by the data. The data instead …

Persistent link: https://www.econbiz.de/10005703056

Competing with Asking Prices

Lester, Benjamin R.; Visschers, Ludo; Wolthoff, Ronald P. - Institute for the Study of Labor (IZA) - 2013

In many markets, sellers advertise their good with an asking price. This is a price at which the seller is willing to take his good off the market and trade immediately, though it is understood that a buyer can submit an offer below the asking price and that this offer may be accepted if the...

Persistent link: https://www.econbiz.de/10010812035

Meeting Technologies and Optimal Trading Mechanisms in Competitive Search Markets

Lester, Benjamin R.; Visschers, Ludo; Wolthoff, Ronald P. - Institute for the Study of Labor (IZA) - 2014

. In our environment, sellers achieve this by posting an auction with a reserve price equal to their own valuation, along …

Persistent link: https://www.econbiz.de/10011074814

Can Job Competition Prevent Hold-Ups?

Jansen, Marcel - Institute for the Study of Labor (IZA) - 2004

that never yield an efficient allocation. Moreover, our results extend the efficiency of auction mechanisms to an …

Persistent link: https://www.econbiz.de/10005703500

Measuring Heterogeneity in Job Finding Rates Among the Nonemployed Using Labor Force Status Histories

Kudlyak, Marianna; Lange, Fabian - Institute for the Study of Labor (IZA) - 2014

We use a novel approach to studying the heterogeneity in the job finding rates of the nonemployed by classifying the nonemployed by labor force status (LFS) histories, instead of using only one-month LFS. Job finding rates differ substantially across LFS histories: they are 25-30% among those...

Persistent link: https://www.econbiz.de/10011094076

The Frisch Elasticity in Labor Markets with High Job Turnover

Céspedes Reynaga, Nikita; Rendon, Silvio - Institute for the Study of Labor (IZA) - 2012

We estimate Frisch elasticity in a labor market with high job turnover. In a context where only around 18% of the employed labor force has formal and stable jobs, we perform a fixed effects estimation as proposed by MaCurdy (1981) with a Heckman correction for selection into unemployment. We...

Persistent link: https://www.econbiz.de/10011212752

Homeownership and Labour Market Outcomes: Micro versus Macro Performances

Beugnot, Julie; Lacroix, Guy; Charlot, Olivier - Institute for the Study of Labor (IZA) - 2014

unemployment rates. To this end, we develop a matching model à la Pissarides (2000) in which homeowners are assumed to be less …

Persistent link: https://www.econbiz.de/10010959797

Uncertainty and the Politics of Employment Protection

Vindigni, Andrea - Institute for the Study of Labor (IZA) - 2008

This paper investigates the role that idiosyncratic uncertainty plays in shaping social preferences over the degree of labor market flexibility, in a general equilibrium model of dynamic labor demand where the productivity of firms evolves over time as a Geometric Brownian motion. A key result...

Persistent link: https://www.econbiz.de/10005763652