G2TT
来源类型FEEM working papers "Note di lavoro" series
规范类型论文
Applications and Interviews. A Structural Analysis of Two-Sided Simultaneous Search
Ronald P. Wolthoff
发表日期2011
出处Economy and Society
出版年2011
语种英语
摘要Much of the job search literature assumes bilateral meetings between workers and firms. This ignores the frictions that arise when meetings are actually multilateral. I analyze the magnitude of these frictions by presenting an equilibrium job search model with an endogenous number of contacts. Workers contact firms by applying to vacancies, whereas firms contact applicants by interviewing them. Sending applications and interviewing applicants are costly activities but increase the probability to match. In equilibrium, contract dispersion arises and workers spread their applications over the different contract types. Estimation of the model on the Employment Opportunities Pilot Projects data set provides values for the cost of an application, the cost of an interview, and the value of non-market time. Frictions on the worker and the firm side are estimated to each cause approximately half of the 4.7% output loss compared to a Walrasian world. I show that in the estimated equilibrium welfare is improved if unemployed workers increase their search intensity.
特色分类J64;J31;D83
关键词Directed Search Recruitment Stable Matching Labor Market Frictions Structural Estimation Efficiency Policy Analysis
URLhttps://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/applications-and-interviews-a-structural-analysis-of-two-sided-simultaneous-search/
来源智库Fondazione Eni Enrico Mattei (Italy)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/117921
推荐引用方式
GB/T 7714
Ronald P. Wolthoff. Applications and Interviews. A Structural Analysis of Two-Sided Simultaneous Search. 2011.
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