Looking into the black box: a survey of the matching function

Barbara Petrongolo and Christopher Pissarides

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: We survey the microfoundations, empirical evidence and estimation issues underlying the aggregate matching function. Several microeconomic matching mechanisms have been suggested in the literature with some successes but none is generally accepted as superior to all others. Instead, an aggregate matching function with hires as a function of vacancies and unemployment has been successfully estimated for several countries. The Cobb-Douglas restrictions with constant returns to scale perform well. Recent work has utilized disaggregated data to go beyond aggregate estimates, with many refinements and suggestions for future research.

Keywords: Matching function; search; mismatch; Beveridge curve; co-ordination failure; stock-flow matching; ranking; on-the-job search; space aggregation; time aggregation (search for similar items in EconPapers)
JEL-codes: J1 (search for similar items in EconPapers)
Pages: 67 pages
Date: 2000-09
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (31)

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http://eprints.lse.ac.uk/2122/ Open access version. (application/pdf)

Related works:
Journal Article: Looking into the Black Box: A Survey of the Matching Function (2001)
Working Paper: Looking Into the Black Box: A Survey of the Matching Function (2000)
Working Paper: Looking Into The Black Box: A Survey Of The Matching Function (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:2122

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