Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/149353
Authors: 
Diamond, Peter A.
Sahin, Aysegül
Year of Publication: 
2016
Series/Report no.: 
CESifo Working Paper 6266
Abstract: 
The aggregate matching (hiring) function relates gross hires to labor market tightness. Decompositions of aggregate hires show how the hiring process differs across different groups of workers and of firms. Decompositions include employment status in the previous month, age, gender and education. Another separates hiring between part-time and full-time jobs, which show different patterns in the current recovery. Shift-share analyses are done based on industry, firm size and occupation to show what part of the residual of the aggregate hiring function can be explained by the composition of vacancies. The hiring process appears to shift as a recovery starts, coinciding with shifts in the Beveridge curve. The paper also discusses some issues in the modeling of the labor market.
Subjects: 
beveridge curve
unemployment matching function
hiring function
vacancies
worker flows
JEL: 
E24
J60
Document Type: 
Working Paper

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