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:
Journal Article
Journal or Publication Title:
Journal of the European Economic Association
Uncontrolled Keywords:
/dk/atira/pure/subjectarea/aacsb/disciplinebasedresearch
Subjects:
ID Code:
59979
Deposited By:
Deposited On:
13 Nov 2012 16:48
Refereed?:
Yes
Published?:
Published
Last Modified:
07 Apr 2020 02:18