Marketplaces and Matching

Coles, Melvyn; Smith, Eric

doi:10.2307/2527239

“…This argument is similar to stock-flow matching models for the labor market (e.g. Coles and Smith, 1998). The duration dependence in the rate of withdrawing a house from the market is positive and significant.…”

Section: Parameter Estimatessupporting

confidence: 76%

Asymmetric Information and List Price Reductions in the Housing Market

Wit

¹

,

Klaauw

²

2010

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“…Another implementation of a labor pooling measure from Coles and Smith (1998) is to look at the average number of vacancies in each county. In order to get a better grip on the element of suitable worker qualifications, the variable only considers the vacancies for high skilled staff.…”

Section: Labor Market Poolingmentioning

confidence: 99%

Agglomeration economies with consistent productivity estimates

Ehrl

¹

2013

Regional Science and Urban Economics

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Abstract This paper investigates the relative impact of microeconomic agglomeration mechanisms on plant's total factor productivity (TFP) using German establishment and employment level data. Contrasting different strategies to estimate TFP from plant level production functions reveals that not accounting for the endogeneity of input choices and not separating price effects from true productivity leads to underestimated agglomeration economies. Under the preferred TFP measure, labor market pooling, captured by the correlation of the occupational composition between one county-industry and the rest of the county, is found to have the largest impact. Besides, two knowledge spillover mechanisms, transmitted via job changes and public R&D funding, positively affect plant productivity. Except for job changes the result is even robust when the spatial units are broadened from counties to labor market regions. Testing for urbanization and localization economies, I find that TFP is higher in more specialized and larger counties, whereas sectoral diversity is of no importance at the county level. JEL-Classification: D24, R11, R30 Terms of use: Documents in

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“…In this class of models, job search is high in the first weeks of an unemployment spell when the unemployed worker screens the stock of existing vacancies, but drops thereafter once the entire stock is explored (and rises again as the time of benefit exhaustion approaches). See, for example, Coles and Smith (1998) for an empirical analysis of such a model.…”

mentioning

confidence: 99%

Job search and unemployment insurance: New evidence from time use data

Krueger

¹

,

Mueller

²

2010

Journal of Public Economics

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. The Institute for the Study of Labor (IZA) in Bonn is a local and virtual international research center and a place of communication between science, politics and business. IZA is an independent nonprofit organization supported by Deutsche Post World Net. The center is associated with the University of Bonn and offers a stimulating research environment through its international network, workshops and conferences, data service, project support, research visits and doctoral program. IZA engages in (i) original and internationally competitive research in all fields of labor economics, (ii) development of policy concepts, and (iii) dissemination of research results and concepts to the interested public. Terms of use: Documents in D I S C U S S I O N P A P E R S E R I E SIZA Discussion Papers often represent preliminary work and are circulated to encourage discussion. Citation of such a paper should account for its provisional character. A revised version may be available directly from the author. This paper provides new evidence on job search intensity of the unemployed in the U.S., modeling job search intensity as time allocated to job search activities. The main findings are: 1) the average unemployed worker in the U.S. devotes about 41 minutes to job search on weekdays, which is substantially more than his or her European counterpart; 2) workers who expect to be recalled by their previous employer search substantially less than the average unemployed worker; 3) across the 50 states and D.C., job search is inversely related to the generosity of unemployment benefits, with an elasticity between -1.6 and -2.2; 4) the predicted wage is a strong predictor of time devoted to job search, with an elasticity in excess of 2.5; 5) job search intensity for those eligible for Unemployment Insurance (UI) increases prior to benefit exhaustion; 6) time devoted to job search is fairly constant regardless of unemployment duration for those who are ineligible for UI. A nonparametric Monte Carlo technique suggests that the relationship between job search effort and the duration of unemployment for a cross-section of job seekers is only slightly biased by length-based sampling.JEL Classification: J64, J65

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Marketplaces and Matching

Cited by 199 publications

References 12 publications

Asymmetric Information and List Price Reductions in the Housing Market

Asymmetric Information and List Price Reductions in the Housing Market

Agglomeration economies with consistent productivity estimates

Job search and unemployment insurance: New evidence from time use data

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