Coles, M and Smith, E (1994) Cross-Section Estimation of the Matching Function: Evidence from England and Wales. UNSPECIFIED. C.E.P.R. Discussion Papers 966.
Coles, M and Smith, E (1994) Cross-Section Estimation of the Matching Function: Evidence from England and Wales. UNSPECIFIED. C.E.P.R. Discussion Papers 966.
Coles, M and Smith, E (1994) Cross-Section Estimation of the Matching Function: Evidence from England and Wales. UNSPECIFIED. C.E.P.R. Discussion Papers 966.
Abstract
This paper analyses how the levels of unemployment and vacancies affect the rate at which unemployed workers find employment - the worker-firm 'matching function'. In particular we test the robustness of previous empirical work by checking whether we obtain the same estimated function using cross-section data rather than aggregate time-series data. We find strong evidence of constant returns to scale similar to previous work. We also find larger cities have higher wages. This provides indirect support for increasing returns, but where those returns are taken in the form of better-quality matches.
Item Type: | Monograph (UNSPECIFIED) |
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Uncontrolled Keywords: | Cross-Section Estimation; Matching; Returns to Scale |
Subjects: | H Social Sciences > HB Economic Theory |
Divisions: | Faculty of Social Sciences Faculty of Social Sciences > Economics, Department of |
SWORD Depositor: | Unnamed user with email elements@essex.ac.uk |
Depositing User: | Unnamed user with email elements@essex.ac.uk |
Date Deposited: | 29 Jun 2012 12:33 |
Last Modified: | 16 May 2024 18:16 |
URI: | http://repository.essex.ac.uk/id/eprint/2694 |