Testing theories of labour market matching

Richard Upward (), Martyn Andrews, Steve Bradley and Dave Stott

No 209, Royal Economic Society Annual Conference 2003 from Royal Economic Society

Abstract: This paper estimates a model of two-sided search using micro-level data for a well-defined labour market. It examines the assumption of random matching and contrasts it with the stock-flow (or non-random) matching model of Coles and collaborators. Given a dataset of contacts, matches, and complete labour-market histories for both sides of the market, we estimate hazard functions for both (unemployed) job-seekers and vacancies. For job-seekers, the tests adds the stock of new vacancies to a standard job-seeker hazard which itself depends on the stocks of vacancies and unemployed. Our tentative results find very weak evidence of stock-flow matching.

Keywords: two-sided search; random matching; hazards (search for similar items in EconPapers)
JEL-codes: C41 E24 J41 J63 J64 (search for similar items in EconPapers)
Date: 2003-06-04
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Related works:
Working Paper: Testing theories of labour market matching (2007)
Working Paper: Testing Theories of Labour Market Matching (2003)
Working Paper: Testing theories of labour market matching (2006)
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Persistent link: http://EconPapers.repec.org/RePEc:ecj:ac2003:209

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