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Mismatch and the Forecasting Performance of Matching Functions

Hutter, Christian and Weber, Enzo (2016) Mismatch and the Forecasting Performance of Matching Functions. Oxford Bulletin of Economics and Statistics 79 (1), pp. 101-123.

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Other URL: http://doi.org/10.1111/obes.12142


Abstract

This paper investigates the role of structural imbalance between job seekers and job openings for the forecasting performance of a labour market matching function. Starting from a Cobb-Douglas matching function with constant returns to scale (CRS) in each frictional micro market shows that on the aggregate level, a measure of mismatch is a crucial ingredient of the matching function and hence ...

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Item type:Article
Date:2016
Institutions:Business, Economics and Information Systems > Institut für Volkswirtschaftslehre und Ökonometrie > Lehrstuhl für Empirische Wirtschaftsforschung, insbesondere Makroökonomie und Arbeitsmarkt (Prof. Dr. Enzo Weber)
Identification Number:
ValueType
10.1111/obes.12142DOI
Keywords:LABOR-MARKET; PREDICTIVE ACCURACY; NESTED MODELS; TIME-SERIES; UNEMPLOYMENT; SEARCH; TESTS;
Dewey Decimal Classification:300 Social sciences > 330 Economics
Status:Published
Refereed:Yes, this version has been refereed
Created at the University of Regensburg:Yes
Item ID:38767
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