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Title:Accounting for endogenous search behavior in matching function estimation PDF Logo
Authors:Borowczyk Martins, Daniel
Jolivet, Grégory
Postel-Vinay, Fabien
Issue Date:2011
Series/Report no.:Discussion paper series // Forschungsinstitut zur Zukunft der Arbeit 5807
Abstract:We show that equilibrium matching models imply that standard estimates of the matching function elasticities are exposed to an endogeneity bias, which arises from the search behavior of agents on either side of the market. We offer an estimation method which, under certain assumptions, is immune from that bias. Application of our method to the estimation of a basic version of the matching function using aggregate U.S. data from the Job Openings and Labor Turnover Survey (JOLTS) suggests that the bias is quantitatively important.
Subjects:matching function estimation
unemployment
vacancies
job finding
JEL:J63
J64
Persistent Identifier of the first edition:urn:nbn:de:101:1-20110629963
Document Type:Working Paper
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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