Competing risks for vacancy durations and endogenous common dependence

Ilpo Suoniemi

No 107, Discussion Papers from VATT Institute for Economic Research

Abstract: The paper presents a discussion how firms rationally adjust the level of their recruitment effort in relation to the ease of filling the vacancy through public unemployment offices. This induces dependence between the durations in the two channels of recruitment. Multivariate models with random proportional hazards generated by mixtures, the frailty distributions are used in the paper to discuss and estimate a competing risks model with mutually dependent recruitment channels using Finnish vacancy duration data. The channels of recruitment are found to be (positively) associated. Vacancy durations vary with respect to region, industry, occupational status and local labour market conditions. The explanatory variables have a more moderate effect in the private recruitment channel possibly reflecting a rational adjustment in the search effort by the employer.

Keywords: Vacancy duration, competing risks model, multivariate distributions, mixtures, frailties., Labour market, Työmarkkinat, Effectiveness of public services, Julkisten palvelujen vaikuttavuus, C400 - Econometric and Statistical Methods: Special Topics: General, J240 - Human Capital; Skills; Occupational Choice; Labor Productivity (Formal Training Programs; On-the-Job Training), J380 - Wages, Compensation, and Labor Costs: Public Policy (wage subsidies, minimum wage legislation), J640 - Unemployment: Models, Duration, Incidence, and Job Search, (search for similar items in EconPapers)
Date: 1995
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.doria.fi/handle/10024/148096

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:fer:dpaper:107

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in Discussion Papers from VATT Institute for Economic Research Contact information at EDIRC.
Bibliographic data for series maintained by Anita Niskanen ().