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Estimating the stock-flow matching model using micro data

Andrews, Martyn J. and Bradley, Steve and Stott, Dave and Upward, Richard (2013) Estimating the stock-flow matching model using micro data. Journal of the European Economic Association, 11 (5). pp. 1153-1177. ISSN 1542-4774

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    Abstract

    We estimate the stock-flow matching model using micro-level data from a well-defined labor market. Using a dataset of complete labor-market histories for both sides of the market, we estimate hazard functions for job-seekers and vacancies. We find that the stock of new vacancies has a significant positive impact on the job-seeker hazard, over and above that of the total stock of vacancies. There is an even stronger robust result for vacancy hazards. Thus we find evidence in favor of stock-flow matching, even when controlling for unobserved search heterogeneity and stratifying into submarkets defined by location and occupation.

    Item Type: Article
    Journal or Publication Title: Journal of the European Economic Association
    Additional Information: This is a post-print of an article published in Journal of the European Economic Associations, 11 (3), 2013. (c) Wiley.
    Subjects: H Social Sciences > HB Economic Theory
    Departments: Lancaster University Management School > Economics
    ID Code: 59979
    Deposited By: ep_importer_pure
    Deposited On: 13 Nov 2012 16:48
    Refereed?: Yes
    Published?: Published
    Last Modified: 16 Jun 2014 13:22
    Identification Number:
    URI: http://eprints.lancs.ac.uk/id/eprint/59979

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