Economics at your fingertips  

Worker Selection, Hiring, and Vacancies

Ismail Baydur

American Economic Journal: Macroeconomics, 2017, vol. 9, issue 1, 88-127

Abstract: This paper incorporates worker selection into a random matching model with multi-worker firms. Unlike the standard Diamond-Mortensen-Pissarides (DMP) model, the extended model is compatible with cross-sectional behavior of vacancy yields, which rise with employment growth and worker turnover, but fall with establishment size. Using calibrated versions of the standard and worker selection models, I show that accounting for these patterns has quantitatively important policy implications. I also compare the worker selection and the directed search models. While both models account for these patterns equally well, they differ with regard to labor market policy.

JEL-codes: E24 J23 J63 J64 (search for similar items in EconPapers)
Date: 2017
Note: DOI: 10.1257/mac.20140260
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed

Downloads: (external link) (application/pdf) ... kg9uewpvCvGhmIwe3GXZ (application/zip) ... xjIzp5doMeLVylIUs-Hw (application/pdf) ... 4i192OAjlJDeCNO7EUYQ (application/zip)
Access to full text is restricted to AEA members and institutional subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This journal article can be ordered from

Access Statistics for this article

American Economic Journal: Macroeconomics is currently edited by Simon Gilchrist

More articles in American Economic Journal: Macroeconomics from American Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Michael P. Albert ().

Page updated 2019-05-18
Handle: RePEc:aea:aejmac:v:9:y:2017:i:1:p:88-127