Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/51741 
Year of Publication: 
2011
Series/Report no.: 
IZA Discussion Papers No. 5807
Publisher: 
Institute for the Study of Labor (IZA), Bonn
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: 
Document Type: 
Working Paper

Files in This Item:
File
Size
430.11 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.