ESTIMATING THE STOCK-FLOW MATCHING MODEL USING MICRO DATA

Martyn J. Andrews; Steve Bradley; Dave Stott; Richard Upward

doi:10.1111/jeea.12027

ESTIMATING THE STOCK-FLOW MATCHING MODEL USING MICRO DATA

Martyn J. Andrews, Steve Bradley, Dave Stott, Richard Upward

Economics

Research output: Contribution to journal › Article › peer-review

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. © 2013 by the European Economic Association.

Original language	English
Pages (from-to)	1153-1177
Number of pages	24
Journal	Journal of the European Economic Association
Volume	11
Issue number	5
DOIs	https://doi.org/10.1111/jeea.12027
Publication status	Published - Oct 2013

Keywords

C41
E24
J41
J63
J64

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

10.1111/jeea.12027

Cite this

@article{fd46129cb6054d9e9bc345186bc6813a,

title = "ESTIMATING THE STOCK-FLOW MATCHING MODEL USING MICRO DATA",

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. {\textcopyright} 2013 by the European Economic Association.",

keywords = "C41, E24, J41, J63, J64",

author = "Andrews, {Martyn J.} and Steve Bradley and Dave Stott and Richard Upward",

year = "2013",

month = oct,

doi = "10.1111/jeea.12027",

language = "English",

volume = "11",

pages = "1153--1177",

journal = "Journal of the European Economic Association",

issn = "1542-4766",

publisher = "John Wiley & Sons Ltd",

number = "5",

}

TY - JOUR

T1 - ESTIMATING THE STOCK-FLOW MATCHING MODEL USING MICRO DATA

AU - Andrews, Martyn J.

AU - Bradley, Steve

AU - Stott, Dave

AU - Upward, Richard

PY - 2013/10

Y1 - 2013/10

N2 - 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. © 2013 by the European Economic Association.

AB - 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. © 2013 by the European Economic Association.

KW - C41

KW - E24

KW - J41

KW - J63

KW - J64

U2 - 10.1111/jeea.12027

DO - 10.1111/jeea.12027

M3 - Article

SN - 1542-4766

VL - 11

SP - 1153

EP - 1177

JO - Journal of the European Economic Association

JF - Journal of the European Economic Association

IS - 5

ER -

ESTIMATING THE STOCK-FLOW MATCHING MODEL USING MICRO DATA

Abstract

Keywords

UN SDGs

Access to Document

Fingerprint

Cite this