Job searchers, job matches and the elasticity of matching ob searchers

L. Broersma
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L. Broersma: Vrije Universiteit Amsterdam, Faculteit der Economische Wetenschappen en Econometrie (Free University Amsterdam, Faculty of Economics Sciences, Business Administration and Economitrics

No 4, Serie Research Memoranda from VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics

Abstract: This paper stresses the importance of a specification of the matching function, where the measure of job matches as a dependent variable, corresponds to the stock of job searchers. In many empirical studies on the matching function this requirement has not been fulfilled. In this paper, we show that using unemployment outflow to a job as measure of job matches. related to unemployment and vacancies, gives a higher elasticity of matching with respect to unemployment, compared to the same elasticity when the flow of filled vacancies is used as measure of job matches. We have specified and estimated matching functions for The Netherlands to illustrate our point.

JEL-codes: J60 J64 (search for similar items in EconPapers)
Date: 1996
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Citations: View citations in EconPapers (6)

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