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A Test between Unemployment Theories Using Matching Data

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dc.creator Coles, Melvyn G.
dc.creator Petrongolo, Barbara
dc.date 2003
dc.date.accessioned 2013-10-16T07:10:45Z
dc.date.available 2013-10-16T07:10:45Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/20483
dc.identifier ppn:360943756
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/20483
dc.description 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 support "stock-flow" matching. Estimates find that around 50% of newly unemployed workers match quickly - they are interpreted as being on the short-side of their skill markets. The remaining workers match slowly, their re-employment rates depending statistically on the inflow of new vacancies and not on the vacancy stock. Having failed to match with existing vacancies, these workers wait for the arrival of new job vacancies. The results have important policy implications, particularly with reference to the design of optimal unemployment insurance programs.
dc.language eng
dc.relation IZA Discussion paper series 723
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject J64
dc.subject J63
dc.subject J41
dc.subject E24
dc.subject ddc:330
dc.subject matching
dc.subject unemployment
dc.subject temporal aggregation
dc.subject Theorie der Arbeitslosigkeit
dc.subject Ökonometrisches Modell
dc.subject Matching
dc.subject Schätzung
dc.subject Großbritannien
dc.title A Test between Unemployment Theories Using Matching Data
dc.type doc-type:workingPaper

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