Labor Market Heterogeneity and the Aggregate Matching Function

被引：82

作者：

Barnichon, Regis ^{[1
,2
,3
]}

Figura, Andrew ^{[4
]}

机构：

[1] CREI, Barcelona 08005, Spain

[2] Univ Pompeu Fabra, Barcelona, Spain

[3] Barcelona GSE, Barcelona, Spain

[4] Board Governors Fed Reserve Syst, Washington, DC 20551 USA

来源：

AMERICAN ECONOMIC JOURNAL-MACROECONOMICS | 2015年 / 7卷 / 04期

关键词：

UNEMPLOYMENT; DURATION; SEARCH; SHIFTS;

D O I：

10.1257/mac.20140116

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We estimate an aggregate matching function and find that the regression residual, which captures movements in matching efficiency, displays procyclical fluctuations and a dramatic decline after 2007. Using a matching function framework that explicitly takes into account worker heterogeneity as well as market segmentation, we show that matching efficiency movements can be the result of variations in the degree of heterogeneity in the labor market. Matching efficiency declines substantially when, as in the Great Recession, the average characteristics of the unemployed deteriorate substantially, or when dispersion in labor market conditions-the extent to which some labor markets fare worse than others-increases markedly.

引用

页码：222 / 249

页数：28

共 46 条

[1]

Abraham KatherineG., 1991, MISMATCH LABOUR MOBI, P453

[2] CYCLICAL UNEMPLOYMENT - SECTORAL SHIFTS OR AGGREGATE DISTURBANCES [J].