EconPapers    
Economics at your fingertips  
 

Revisiting the matching function

Britta Kohlbrecher (), Christian Merkl () and Daniela Nordmeier
Additional contact information
Daniela Nordmeier: Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany]

No 201405, IAB Discussion Paper from Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany]

Abstract: "Many labor market models use both idiosyncratic productivity and a vacancy free entry condition. This paper shows that these two features combined generate an equilibrium comovement between matches on the one hand and unemployment and vacancies on the other hand, which is observationally equivalent to a constant return Cobb-Douglas function commonly used to model match formation. We use German administrative labor market data to show that the matching function correlation solely based on idiosyncratic productivity and free entry is very close to the empirical matching function. Consequently, we argue that standard matching function estimations are seriously biased if idiosyncratic productivity plays a role for match formation. In this case, they are not suitable for the calibration of labor market models." (Author's abstract, IAB-Doku) ((en))

Keywords: Arbeitsmarkttheorie; Matching; offene Stellen; Arbeitslose; Integrierte Arbeitsmarktbiografien (search for similar items in EconPapers)
JEL-codes: E24 E32 J63 J64 (search for similar items in EconPapers)
Pages: 31 pages
Date: 2014-02-27
New Economics Papers: this item is included in nep-lab and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed

Published in: Journal of Economic Dynamics and Control, Vol. 69, No. August (2016), p. 350-374

Downloads: (external link)
http://doku.iab.de/discussionpapers/2014/dp0514.pdf (application/pdf)

Related works:
Journal Article: Revisiting the matching function (2016) Downloads
Working Paper: Revisiting the Matching Function (2016) Downloads
Working Paper: Revisiting the matching function (2016) Downloads
Working Paper: Revisiting the Matching Function (2014) Downloads
Working Paper: Revisiting the matching function (2014) Downloads
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:iab:iabdpa:201405

Access Statistics for this paper

More papers in IAB Discussion Paper from Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany] Contact information at EDIRC.
Bibliographic data for series maintained by IAB, Geschäftsbereich Wissenschaftliche Fachinformation und Bibliothek ().

 
Page updated 2021-04-07
Handle: RePEc:iab:iabdpa:201405