Understanding the Role of the Public Employment Agency

Holzner, Christian; Watanabe, Makoto

doi:10.2139/ssrn.2783240

Cited by 8 publications

(17 citation statements)

References 45 publications

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“…Applications to the labour market are relatively scarce in the intermediation literature. Holzner and Watanabe () study a job‐brokering service offered by Public Employment Agencies (PEA). They find empirically that mitigating coordination frictions is the primary role of the PEA.…”

Section: Discussionmentioning

confidence: 99%

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Middle Men: The Visible Market-Makers

Watanabe

2017

Jpn Econ Rev

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This paper presents a search-theoretic model where middlemen can emerge endogenously to intermediate between ex ante homogeneous buyers and sellers in the presence of coordination frictions. Middlemen set price to compete in the market, and hold an inventory to provide a high matching service. I show that middlemen's inventories can mitigate trade imbalances and interact with price competition, generating an interesting tradeoff for the equilibrium price determination.The competitive limit emerges when middlemen guarantee excess demand will never occur.Conditions are characterized under which middlemen carry out the short-side principle for the market price to be Walrasian. JEL Classification: D4, D5, D6, D8, G2, L1

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Section: Discussionmentioning

confidence: 99%

“… This property can be generalized in some class of directed search models (see e.g. Holzner and Watanabe, ) but does not hold true in a more general class of models (see e.g. Moraga‐Gonzales and Watanabe, ). …”

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confidence: 99%

Middle Men: The Visible Market-Makers

Watanabe

2017

Jpn Econ Rev

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“…Using information on the number of applicants and employers 'adopted search channels from the IAB Job Vacancy, the authors show that compared with search via private search channels, the FEA contributes to reducing search frictions by distributing the applications of registered unemployed more evenly among vacancies. In a related study, the authors model employers' decision to use the FEA and argue that employers trade off lower wages due to lower coordination frictions against a potential negative selection of applicants (Holzner and Watanabe 2019b). Lochner et al (2019) use information on the number of search channels employers adopted-among other things-to operationalize employers' recruitment intensity-a concept that has very recently attracted much interest in the macroeconomic literature.…”

Section: Research On Employers' Search and Recruitment Processesmentioning

confidence: 99%

The IAB Job Vacancy Survey: design and research potential

Bossler

Gürtzgen

Kubis

et al. 2020

J Labour Market Res

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This article provides an overview of the IAB Job Vacancy Survey and its research potential. The IAB Job Vacancy Survey is a quarterly establishment survey covering the (un-)satisfied labor demand in Germany. This survey identifies the entire number of vacancies on the German labor market, including those vacancies that are not reported to the Federal Employment Agency. The main questionnaire obtains information about the number and structure of vacancies, future labor demand, the current economic situation and the expected development of participating establishments. In addition, the questionnaire collects information about the last new hiring and the last case of a failed recruitment process. Finally, the questionnaire enquires about employer attitudes and firms’ use of current labor market instruments. The Research Data Centre of the German Federal Employment Agency offers access to the data starting from the survey waves 2000 onwards.

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“…Williams (2016),Davoodalhosseini (2018),Holzner and Watanabe (2018) for directed search models with screening andColes and Muthoo (1998),Coles and Smith (1998),Ebrahimy and Shimer (2010), and Carrillo-Tudela and Hawkins (2017) for stock-flow matching models with screening.…”

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confidence: 99%

Dynamics and Endogeneity of Firms' Recruitment Behaviour

Ehrenfried¹,

Holzner²

2018

SSRN Journal

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Models of random search, directed search, or stock-ow matching differ substantially in the way they assume that job seekers and firms behave during the recruitment process. In this paper we identify new patterns about the recruitment behaviour of firms using the entropy balancing technique and argue that stock-flow matching models -if suitably amended by a timeconsuming screening technology -are best able to explain why the vacancy-filling hazard is increasing during the planned search period and decreases thereafter, why most applicants arrive early in the recruitment process, and why the willingness to pay higher wages or to hire less qualified or experienced applicants increases for firms, which have been unlucky and unable to hire until the intended starting date. JEL-Codes: J630, J640.

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Understanding the Role of the Public Employment Agency

Cited by 8 publications

References 45 publications

Middle Men: The Visible Market-Makers

Middle Men: The Visible Market-Makers

The IAB Job Vacancy Survey: design and research potential

Dynamics and Endogeneity of Firms' Recruitment Behaviour

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