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Labor market heterogeneity and the aggregate matching function

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dc.contributor.author Barnichon, Régis
dc.contributor.author Figura, Andrew
dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
dc.date.accessioned 2017-07-26T12:07:56Z
dc.date.available 2017-07-26T12:07:56Z
dc.date.issued 2010-10-01
dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=1395
dc.identifier.uri http://hdl.handle.net/10230/21221
dc.description.abstract The matching function -a key building block in models of labor market frictions- implies that the job finding rate depends only on labor market tightness. We estimate such a matching function and find that the relation, although remarkably stable over 1967-2007, broke down spectacularly after 2007. We argue that labor market heterogeneities are not fully captured by the standard matching function, but that a generalized matching function that explicitly takes into account worker heterogeneity and market segmentation is fully consistent with the behavior of the job finding rate. The standard matching function can break down when, as in the Great Recession, the average characteristics of the unemployed change too much, or when dispersion in labor market conditions -the extent to which some labor markets fare worse than others- increases too much.
dc.format.mimetype application/pdf
dc.language.iso eng
dc.relation.ispartofseries Economics and Business Working Papers Series; 1395
dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.title Labor market heterogeneity and the aggregate matching function
dc.type info:eu-repo/semantics/workingPaper
dc.date.modified 2017-07-23T02:15:43Z
dc.subject.keyword job finding
dc.subject.keyword aggregate
dc.subject.keyword composition
dc.subject.keyword dispersion
dc.subject.keyword Macroeconomics and International Economics
dc.rights.accessRights info:eu-repo/semantics/openAccess

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