Reemployment Probabilities and Returns to Matching
Reemployment Probabilities and Returns to Matching
复制标题
再就业概率和匹配回报
DOI:
10.1086/322079
复制
发表时间:
2001
影响因子:
3.8
通讯作者:
Barbara Petrongolo
中科院分区:
文献类型:
--
作者:
Barbara Petrongolo
The assumption of constant returns in the matching function, embodied in most bilateral search models, is crucial to ensure the uniqueness of the unemployment rate along a steady‐state growth path. This article explores the empirical viability of this assumption by estimating individual reemployment probabilities on a sample of unemployment entrants. I apply hazard models to survey data on both completed and uncompleted unemployment durations. The hypothesis of constant returns to matching is not rejected, on the basis of the evidence that the job‐finding hazard depends only on local labor market tightness and is independent of its size.