Job Openings, Hirings, and Unmet Demand: A New Approach to the Matching Function and the Beveridge Curve

Ante Farm ()
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Ante Farm: Swedish Institute for Social Research, Stockholm University, Postal: SE-106 91 Stockholm, Sweden

No 8/2000, Working Paper Series from Stockholm University, Swedish Institute for Social Research

Abstract: Firms create ‘vacancies’ in one sense (recruitment processes) in order to avoid ‘vacancies’ in another sense (unmet demand). The paper clarifies the different roles of these two concepts in labour market analysis, not only when interpreting Beveridge curves and matching functions, but also when analysing the effect of recruitment problems on employment at the firm level.

Keywords: Vacancies; unemployment; Beveridge curve; matching function; search effectiveness (search for similar items in EconPapers)
JEL-codes: J63 J64 (search for similar items in EconPapers)
Pages: 30 pages
Date: 2000-12-06
New Economics Papers: this item is included in nep-lab
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:hhs:sofiwp:2000_008

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