Slack and Slacker: Job Seekers, Job Vacancies, and Matching Functions in the U.S. Labor Market during the Roaring Twenties and the Great Contraction, 1924–1932

Woong Lee

The Journal of Economic History, 2016, vol. 76, issue 3, 840-873

Abstract: I use unique city-month level disaggregated data, from public employment offices, to estimate the matching functions for the 1920s and the early 1930s. The results show that the public labor exchange was slack, a relative deficiency of job vacancies, in the 1920s and it became slacker during the Great Depression. However, the findings show that there was no deterioration of the matching efficiency in the early 1930s. The outcome of a deficiency of labor demand during the 1930s implies that there was a need for effective government policies to implement the new job-creation programs.

Date: 2016
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://www.cambridge.org/core/product/identifier/ ... type/journal_article link to article abstract page (text/html)

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: https://EconPapers.repec.org/RePEc:cup:jechis:v:76:y:2016:i:03:p:840-873_00

Access Statistics for this article

More articles in The Journal of Economic History from Cambridge University Press Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK.
Bibliographic data for series maintained by Kirk Stebbing ().