Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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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.
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.
U2 - 10.1111/jeea.12027
DO - 10.1111/jeea.12027
M3 - Journal article
VL - 11
SP - 1153
EP - 1177
JO - Journal of the European Economic Association
JF - Journal of the European Economic Association
SN - 1542-4766
IS - 5
ER -