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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
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: 19 Dec 2013 15:30
Identification Number:
URI: http://eprints.lancs.ac.uk/id/eprint/59979

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