matching – Suchprozesse am Arbeitsmarkt
Offene Stellen bei gleichzeitiger Arbeitslosigkeit - was Arbeitsmarkttheorien u. a. mit "unvollkommener Information" begründen, ist für Unternehmen und Arbeitsuchende oft nur schwer nachzuvollziehen: Unternehmen können freie Stellen nicht besetzen, trotzdem finden Arbeitsuchende nur schwer den passenden Job. Wie gestalten sich die Suchprozesse bei Unternehmen und Arbeitsuchenden, welche Konzessionen sind beide Seiten bereit einzugehen, wie lässt sich das "matching" verbessern?
Diese Infoplattform bietet wissenschaftliche Literatur zur theoretischen und empirischen Auseinandersetzung mit dem Thema.
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Literaturhinweis
Gendered Job Search: An Analysis of Gender Differences in Reservation Wages and Job Applications (2025)
Zitatform
Basbug, Gokce & Roberto M. Fernandez (2025): Gendered Job Search: An Analysis of Gender Differences in Reservation Wages and Job Applications. In: ILR review, Jg. 78, H. 1, S. 217-239. DOI:10.1177/00197939241298623
Abstract
"Using a weekly survey of unemployed workers, this study examines gender differences in reservation wages and applied-for occupational categories. The analysis shows that a large portion of the gender difference in reservation wages is attributable to the fact that women and men search for different occupations. Findings further demonstrate that women are more likely to apply to occupations with higher percentages of female incumbents, and they target these occupations from the earlier stages of their job search, rather than adjusting their preferences over the course of unemployment. Further analysis shows that women are more likely to apply for occupational categories that offer greater flexibility in working hours, more opportunities for interpersonal interactions, less critical decision-making, and a less competitive environment. Finally, the analysis reveals that household responsibilities, particularly the number of children, and willingness to take risks are important factors influencing women’s decisions to pursue occupations with less demanding work hours." (Author's abstract, IAB-Doku) ((en))
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Literaturhinweis
Firm Pay and Worker Search (2025)
Caldwell, Sydnee; Haegele, Ingrid; Heining, Jörg;Zitatform
Caldwell, Sydnee, Ingrid Haegele & Jörg Heining (2025): Firm Pay and Worker Search. (IAB-Discussion Paper 04/2025), Cambridge, Mass, 141 S. DOI:10.48720/IAB.DP.2504
Abstract
"Ob und wie Arbeitnehmer am Arbeitsplatz suchen, hängt von ihren Vorstellungen über die Bezahlung und die Arbeitsbedingungen in anderen Unternehmen ab. Dennoch ist wenig darüber bekannt, wie viel Arbeitnehmer tatsächlich über die Arbeitsentgelte außerhalb ihrer aktuellen Beschäftigung Bescheid wissen. Wir nutzen eine groß angelegte Umfrage unter deutschen Vollzeitbeschäftigten, welche mit Sozialversicherungsdaten verknüpft wurde, um Gehaltserwartungen und Präferenzen gegenüber bestimmten externen Unternehmen zu ermitteln. Arbeitnehmer glauben, dass sie mit erheblicher Heterogenität hinsichtlich der Vergütung bei anderen Unternehmen konfrontiert sind und richten ihre Suche nach einem neuen Arbeitsplatz auf Unternehmen aus, von denen sie ausgehen, dass diese mehr bezahlen. Die von den Arbeitnehmern erwarteten unternehmensspezifischen Lohnaufschläge korrelieren sowohl stark mit den Vergütungsschemata, die sich anhand von administrativen Daten zeigen, als auch mit der Würdigung von firmenspezifischer Annehmlichkeiten. Die meisten Arbeiter sind auch bei einer erheblichen Erhöhung des Gehalts nicht bereit, sich einen neuen Job zu suchen – oder ihr derzeitiges Unternehmen zu verlassen. Die Kosten eines Jobwechsel betragen zwischen 7 und 18 Prozent des Jahreslohns eines Arbeitnehmers. Die Zugehörigkeit zu einem Arbeitgeber variiert je nach Arbeitgeber und kann nicht anhand von Unterschieden in firmenspezifischen Annehmlichkeiten oder den Kosten des Jobwechsels erklärt werden." (Autorenreferat, IAB-Doku)
Beteiligte aus dem IAB
Heining, Jörg; -
Literaturhinweis
Is labor matching effectiveness dependent on education level, age or gender? (2025)
Zitatform
Cheregi, Valentina Ioana (2025): Is labor matching effectiveness dependent on education level, age or gender? In: Baltic journal of economics, Jg. 25, H. 1, S. 1-20. DOI:10.1080/1406099x.2024.2442841
Abstract
"This paper explores the role of employment pool composition on labor matching effectiveness in ten Central and Eastern European countries from 2005 to 2023. We control for the structure of the labor force in terms of education, age, and gender. The results point towards a significant impact of labor force structure on labor market outcomes. In particular, an improvement in labor matching is associated with a larger share of the labor force with advanced education. In contrast, the opposite is true for the share of women and younger persons in the labor force. The results are robust to different specifications of the model when we control for the role of institutional factors in regulating national labor markets. From a policy perspective, this study highlights the need for targeted policies to increase the efficiency of the matching process aimed at specific structures of the labor force." (Author's abstract, IAB-Doku) ((en))
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Literaturhinweis
Recruiting Intensity, Hires, and Vacancies: Evidence from Firm-Level Data (2025)
Zitatform
Forsythe, Eliza & Russell Weinstein (2025): Recruiting Intensity, Hires, and Vacancies: Evidence from Firm-Level Data. In: The Economic Journal, S. 1-22. DOI:10.1093/ej/ueaf002
Abstract
"We investigate employer recruiting behaviour, using detailed firm-level data from a national survey of employers hiring recent college graduates. We find this behaviour is responsive to the business cycle, beliefs about labour market tightness, and the intended number of hires. Specifically, employers adjust planned recruiting effort and compensation. We then show that when firms expend greater recruiting effort they ultimately hire more individuals per vacancy. These results suggest that when firms want to increase hires they adjust both the quantity of vacancies and the recruiting intensity per vacancy. If this is true more broadly in the labour market, it may help explain the breakdown in the standard matching function during the Great Recession." (Author's abstract, IAB-Doku) ((en))
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Literaturhinweis
Anonymous job applications and hiring discrimination: Blind recruitment can level the playing field in access to jobs but cannot prevent all forms of discrimination (2025)
Zitatform
Rinne, Ulf (2025): Anonymous job applications and hiring discrimination. Blind recruitment can level the playing field in access to jobs but cannot prevent all forms of discrimination. (IZA world of labor 48,3), Bonn, o. Sz. DOI:10.15185/izawol.48.v3
Abstract
"Anonymisierte Bewerbungsverfahren sind potenziell geeignet, Einstellungshindernisse aufgrund von Diskriminierung einzelner Arbeitsmarktgruppen abzubauen. Bei effektiver Umsetzung sorgen solche Verfahren für Chancengleichheit im Bewerbungsprozess, da sie den Fokus der Personalentscheider auf die Qualifikationen und Fähigkeiten der Bewerber lenken. Allerdings sind anonyme Bewerbungen weder in allen Fällen sinnvoll umsetzbar, noch können sie jegliche Form der Bewerberdiskriminierung verhindern." (Autorenreferat, IAB-Doku)
Ähnliche Treffer
auch erschienen als: IZA world of labor, 454 -
Literaturhinweis
"IAB-Kompetenz-Kompass“ Bereitstellung von Stellentext-Daten als strukturierter Datensatz (2025)
Stops, Michael ; Raabe, Pauline; Heß, Pascal ; Klevinghaus, Hauke; Ungerer, Kathrin; EzElDin, Asma Ahmed; Heckel, Marie-Christine; Malfertheiner, Verena; Peede, Lennert; Metzger, Lina-Jeanette ;Zitatform
Stops, Michael, Asma Ahmed EzElDin, Marie-Christine Heckel, Pascal Heß, Hauke Klevinghaus, Verena Malfertheiner, Lina-Jeanette Metzger & Lennert Peede (2025): "IAB-Kompetenz-Kompass“ Bereitstellung von Stellentext-Daten als strukturierter Datensatz. (IAB-Forschungsbericht 01/2025), Nürnberg, 259 S. DOI:10.48720/IAB.FB.2501
Abstract
"Dieser Forschungsbericht beschreibt die Ergebnisse eines zweijährigen Projektes, in dem Methoden zur Gewinnung von strukturierten Informationen aus Stellenanzeigen weiterentwickelt und neu erarbeitet wurden. Das Projekt wurde durch das Bundesministerium für Arbeit und Soziales (BMAS) im Rahmen der Datenlabor-Initiative der Bundesregierung mit Mitteln des Programms „NextGenerationEU“ der Europäischen Union ermöglicht und baut auf der „Machbarkeitsstudie Kompetenz-Kompass“ auf (Stops et al., 2020). Im Rahmen dieses Projekts wurde ein Datensatz erstellt, der auf allen zwischen April 2019 und Dezember 2023 zugegangenen Stellenanzeigen bei der Bundesagentur für Arbeit (BA) basiert, die auf der Stellenwebseite der BA veröffentlicht oder für die ein Vermittlungsauftrag für die BA bestand. Aus Vergleichen mit der IAB-Stellenerhebung geht hervor, dass der Datensatz Analysen zu vielen Fragestellungen erlaubt, die repräsentativ für den deutschen Arbeitsmarkt sind. Wir beschreiben die Entwicklung der Nachfrage nach fachlichen Kompetenzen; Sprachkenntnissen; Kompetenzen, die mit Technologien der Künstlichen Intelligenz sowie Wasserstofftechnologie im Zusammenhang stehen. Außerdem untersuchen wir das Angebot an Home-Office. Der Bericht schließt mit einem Ausblick auf die mögliche inhaltliche und methodische Weiterentwicklung der Forschung mit Stellendaten." (Autorenreferat, IAB-Doku)
Weiterführende Informationen
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Literaturhinweis
Labour market skills, endogenous productivity and business cycles (2024)
Zitatform
Abbritti, Mirko & Agostino Consolo (2024): Labour market skills, endogenous productivity and business cycles. In: European Economic Review, Jg. 170. DOI:10.1016/j.euroecorev.2024.104873
Abstract
"This paper analyses how labor market heterogeneity affects unemployment, productivity and business cycle dynamics. To this aim, we set up a model with asymmetric search and matching frictions across skilled and unskilled workers, and endogenous productivity through R&D investment and intangible capital accumulation. Skill mismatch and skill-specific labor market institutions have three main effects on business cycles and growth dynamics. First, the relative scarcity of skilled workers increases the natural rate of unemployment and reduces total factor productivity with long-run effects on the growth rate of output. Second, skill heterogeneity in the labor market generates asymmetric outcomes and amplifies measures of employment, wages and consumption inequality. Finally, the model provides important insights for the Phillips and Beveridge curves. Incorporating skill heterogeneity leads to a flattening of the Phillips curve as wages and unemployment respond unevenly across skill types. Also, the model generates sideward shifts of the Beveridge curve following business cycle shocks, with the extent of these shifts depending on the degree of skill heterogeneity." (Author's abstract, IAB-Doku, © 2024 Elsevier) ((en))
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Literaturhinweis
Words matter: Experimental evidence from job applications (2024)
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Abraham, Lisa, Johannes Hallermeier & Alison Stein (2024): Words matter: Experimental evidence from job applications. In: Journal of Economic Behavior & Organization, Jg. 225, S. 348-391. DOI:10.1016/j.jebo.2024.06.013
Abstract
"If women are more sensitive to listed qualifications in job ads, does lowering the bar draw in relatively more women and increase diversity in the applicant pool? We examine this question by randomizing 60,000 viewers into one of two job ad versions for over 600 corporate jobs at Uber, where the treatment removed optional and superfluous qualifications. There are two main findings. First, job seekers of both genders respond to qualifications: applications increase by 7%, owing to similar increases in the number of applications from men and women. Second, reducing the qualifications impacts the type of individual who chooses to apply differently by gender. Reducing the qualifications draws in less skilled women and causes an outflow of some highly skilled women. Conversely, the treatment draws in men from across the skill distribution, including the upper end. We find gender differences in application behavior and explore potential mechanisms in a separate, large-scale survey using the RAND American Life Panel. These results highlight that sensitivity to listed requirements is complex, and simply lowering the qualifications in job postings is not guaranteed to increase applicant diversity." (Author's abstract, IAB-Doku, © 2024 Elsevier) ((en))
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Literaturhinweis
Vom Mismatch zum Match: Wie sich Jugendliche und Unternehmen auf dem Ausbildungsmarkt suchen und finden (können): Eine kombinierte Jugend- und Unternehmensbefragung (2024)
Arndt, Franziska; Risius, Paula; Schaffer, Fabian; Herzer, Philip; Werner, Dirk; Wieland, Clemens; Renk, Helen;Zitatform
Arndt, Franziska, Philip Herzer, Paula Risius, Dirk Werner, Helen Renk, Fabian Schaffer & Clemens Wieland (2024): Vom Mismatch zum Match: Wie sich Jugendliche und Unternehmen auf dem Ausbildungsmarkt suchen und finden (können). Eine kombinierte Jugend- und Unternehmensbefragung. Gütersloh, 43 S. DOI:10.11586/2024103
Abstract
"Immer mehr Ausbildungsplätze in Deutschland bleiben unbesetzt, gleichzeitig gehen viele Bewerber:innen auf dem Ausbildungsmarkt leer aus. Was sind die Gründe? Liegt es vielleicht auch daran, dass die Suchprofile und -strategien der Unternehmen und der ausbildungsinteressierten jungen Menschen nicht zusammenpassen? Mit anderen Worten: Wo und wie platzieren Unternehmen ihr Angebot und passt das zu dem Suchverhalten von Jugendlichen? Die gemeinsame Studie des Instituts der deutschen Wirtschaft Köln und der Bertelsmann Stiftung stellt die Perspektiven von Ausbildungsbetrieben und jungen Menschen einander gegenüber. Beide Seiten sind sich zwar grundsätzlich über den hohen Stellenwert einer Berufsausbildung als gute Karrieregrundlage einig und nutzen insbesondere Online-Stellenausschreibungen, die Bundesagentur für Arbeit und Social Media Kanäle zur Suche nach Ausbildungsplätzen bzw. Bewerber:innen – im Detail zeigen sich jedoch einige entscheidende Unterschiede im Kommunikations- und Informationsverhalten." (Autorenreferat, IAB-Doku)
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Literaturhinweis
The Pay and Non-Pay Content of Job Ads (2024)
Zitatform
Audoly, Richard, Manudeep Bhuller & Tore Adam Reiremo (2024): The Pay and Non-Pay Content of Job Ads. (arXiv papers 2407.13204), 54 S.
Abstract
"How informative are job ads about the actual pay and amenities offered by employers? Using a comprehensive database of job ads posted by Norwegian employers, we develop a methodology to systematically classify the information on both pay and non-pay job attributes advertised in vacancy texts. We link this information to measures of employer attractiveness, which we derive from a job search model estimated on observed wages and worker mobility flows. About 55 percent of job ads provide information related to pay and nearly all ads feature information on non-pay attributes. We show that publicly advertised job attributes are meaningful predictors of employer attractiveness, and non-pay attributes are about as predictive as pay-related attributes. High-pay employers mention pay-related attributes more often, while high-amenity employers are more likely to advertise flexible working hours and contract duration." (Author's abstract, IAB-Doku) ((en))
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Literaturhinweis
Does Artificial Intelligence Help or Hurt Gender Diversity? Evidence from Two Field Experiments on Recruitment in Tech (2024)
Zitatform
Avery, Mallory, Andreas Leibbrandt & Joseph Vecci (2024): Does Artificial Intelligence Help or Hurt Gender Diversity? Evidence from Two Field Experiments on Recruitment in Tech. (CESifo working paper 10996), München, 70 S.
Abstract
"The use of Artificial Intelligence (AI) in recruitment is rapidly increasing and drastically changing how people apply to jobs and how applications are reviewed. In this paper, we use two field experiments to study how AI recruitment tools can impact gender diversity in the male-dominated technology sector, both overall and separately for labor supply and demand. We find that the use of AI in recruitment changes the gender distribution of potential hires, in some cases more than doubling the fraction of top applicants that are women. This change is generated by better outcomes for women in both supply and demand. On the supply side, we observe that the use of AI reduces the gender gap in application completion rates. Complementary survey evidence suggests that anticipated bias is a driver of increased female application completion when assessed by AI instead of human evaluators. On the demand side, we find that providing evaluators with applicants' AI scores closes the gender gap in assessments that otherwise disadvantage female applicants. Finally, we show that the AI tool would have to be substantially biased against women to result in a lower level of gender diversity than found without AI." (Author's abstract, IAB-Doku) ((en))
Ähnliche Treffer
auch erschienen als: Monash Economics Working Papers, 2023-09 -
Literaturhinweis
Skill Signals in a Digital Job Search Market and Duration in Employment Gaps (2024)
Zitatform
Baird, Matthew, Paul Ko & Nikhil Gahlawat (2024): Skill Signals in a Digital Job Search Market and Duration in Employment Gaps. In: Journal of labor research, Jg. 45, H. 3, S. 403-435. DOI:10.1007/s12122-024-09363-y
Abstract
"With the rise of the digital job search market, new opportunities for signaling skills and competencies to employers have emerged. In this paper, we examine listed skills on individuals’ LinkedIn profiles in the United States between 2015 and 2021, both those members add themselves and skills for which they are endorsed from others in their network. We use an inverse probability weighted proportional hazards model with time varying covariates to estimate the relationship between listed skills on shortening employment gaps (time between jobs). We find that, for self-added and peer-endorsed skills respectively, an additional ten skills on the profile decreases median employment gap duration by about 0.7 and 0.4 months, from a median baseline of around 6 months gap. Individuals with no education listed on their profile have the largest benefit from listed skills in terms of reducing employment gaps. Disruptive tech and soft skills also are related to higher returns. Additionally, skills added during the employment break have a substantially stronger relationship than pre-existing added skills. More experienced workers have larger returns than less experienced workers, consistent with the hypothesis that these skills are otherwise difficult to signal to potential employers. These findings are consistent with online job markets’ use of technology offering more efficient ways to signal skills, shortening time to reemployment." (Author's abstract, IAB-Doku, © Springer-Verlag) ((en))
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Literaturhinweis
Returns to labour mobility (2024)
Zitatform
Baley, Isaac, Lars Ljungqvist & Thomas J. Sargent (2024): Returns to labour mobility. In: The Economic Journal, Jg. 135, H. 666, S. 430-454. DOI:10.1093/ej/ueae054
Abstract
"Returns to labor mobility have too often escaped the attention they deserve as conduits of important forces in macro-labour models. These returns are shaped by calibrations of productivity processes that use theoretical perspectives and data sources from (i) labour economics and (ii) industrial organization. By investigating earlier prominent studies, we conclude that the focus on firm size dynamics and shocks intermediated through neo-classical production functions in (ii) yields large returns to labor mobility that are robust to parameter perturbations. In contrast, the reliance on statistics in labor economics to calibrate per-worker productivity processes in (i) can give rise to fragilities in the sense that parameter perturbations that generate similar targeted statistics can have very different implications for returns to labor mobility." (Author's abstract, IAB-Doku) ((en))
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Literaturhinweis
Overeducation in the EU: Gender and regional dimension (2024)
Zitatform
Baran, Jan A. (2024): Overeducation in the EU: Gender and regional dimension. In: Labour Economics, Jg. 90. DOI:10.1016/j.labeco.2024.102603
Abstract
"The paper investigates factors associated with the overeducation risk in the EU, with a specific focus on gender and regional variables. The study tests Frank's theory of differential overqualification, which suggests that women are more likely to be overeducated than men, especially in small local labor markets. Although women's overeducation rates usually exceed those of men, the study's results show limited validity of Frank's model due to a nuanced relationship by which gender is linked to overeducation. They suggest that gender differentiates the overeducation risk in combination with care responsibilities, whilst easier access to childcare facilities is associated with a lower risk of overeducation among women in households with young children. Moreover, migrant women are found to be more at risk of overeducation, compared to both migrant men and non-migrants. Contrary to Frank's theory, the degree of urbanisation is found irrelevant for overeducation. Furthermore, the study shows the evidence of growing incidence of overeducation in the EU in 2011–2018." (Author's abstract, IAB-Doku, © 2024 Elsevier) ((en))
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Literaturhinweis
The Shifting Reasons for Beveridge Curve Shifts (2024)
Zitatform
Barlevy, Gadi, R. Jason Faberman, Bart Hobijn & Ayşegül Şahin (2024): The Shifting Reasons for Beveridge Curve Shifts. In: The Journal of Economic Perspectives, Jg. 38, H. 2, S. 83-106. DOI:10.1257/jep.38.2.83
Abstract
"We discuss how the relative importance of factors that contribute to movements of the US Beveridge curve has changed from 1959 to 2023. We review these factors in the context of a simple flow analogy used to capture the main insights of search and matching theories of the labor market. Changes in inflow rates, related to demographics, accounted for Beveridge curve shifts between 1959 and 2000. A reduction in matching efficiency, that depressed unemployment outflows, shifted the curve outwards in the wake of the Great Recession. In contrast, the most recent shifts in the Beveridge curve appear driven by changes in the eagerness of workers to switch jobs. Finally, we argue that, while the Beveridge curve is a useful tool for relating unemployment and job openings to inflation, the link between these labor market indicators and inflation depends on whether and why the Beveridge curve shifted. Therefore, a careful examination of the factors underlying movements in the Beveridge curve is essential for drawing policy conclusions from the joint behavior of unemployment and job openings." (Author's abstract, IAB-Doku) ((en))
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Literaturhinweis
The Potential of Recommender Systems for Directing Job Search: A Large-Scale Experiment (2024)
Zitatform
Behaghel, Luc, Sofia Dromundo, Marc Gurgand, Yagan Hazard & Thomas Zuber (2024): The Potential of Recommender Systems for Directing Job Search: A Large-Scale Experiment. (IZA discussion paper / Forschungsinstitut zur Zukunft der Arbeit 16781), Bonn, 65 S.
Abstract
"We analyze the employment effects of directing job seekers' applications toward establishments likely to recruit. We run a two-sided randomization design involving about 800,000 job seekers and 40,000 establishments, based on an empirical model that recommends each job seeker to firms so as to maximize total potential employment. Our intervention induces a 1% increase in job finding rates for short term contracts. This impact comes from a targeting effect combining (i) a modest increase in job seekers' applications to the very firms that were recommended to them, and (ii) a high success rate conditional on applying to these firms. Indeed, the success rate of job seekers' applications varies considerably across firms: the efficiency of applications sent to recommended firms is 2.7 times higher than the efficiency of applications to the average firm. This suggests that there can be substantial gains from better targeting job search, leveraging firm-level heterogeneity." (Author's abstract, IAB-Doku) ((en))
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Literaturhinweis
Measuring the quality of a match (2024)
Zitatform
Belot, Michèle, Xiaoying Liu & Vaios Triantafyllou (2024): Measuring the quality of a match. In: Labour Economics, Jg. 89. DOI:10.1016/j.labeco.2024.102568
Abstract
"The quality of an employment match is a central concept in labor economics. It is relevant for evaluating the welfare impact of labor market policies, and for our understanding of labor market dynamics. This paper reviews the challenges associated with measuring match quality. We first review measures commonly used in the literature, their advantages, and drawbacks. We then present novel evidence from a survey sample of US employees where alternative measures were collected simultaneously. We show that while some of these measures correlate well, others do not. Finally, we present additional partial evidence on the correlations between measures based on the National Longitudinal Survey of Youth (NLSY79), a substantially larger and nationally representative survey. The takeaway message is a word of caution regarding the interpretation of some of these measures and specific concerns regarding using wages and tenure as indicators of match quality." (Author's abstract, IAB-Doku, © 2024 Elsevier) ((en))
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Literaturhinweis
Firm Human Resource Practices and Educational Mismatch (2024)
Zitatform
Berloffa, Gabriella, Daniela Piazzalunga & Fabio Pieri (2024): Firm Human Resource Practices and Educational Mismatch. (IZA discussion paper / Forschungsinstitut zur Zukunft der Arbeit 17424), Bonn, 46 S.
Abstract
"The paper introduces a new measure of educational mismatch at the firm level, constructed by merging firm and individual data at the sector-firm size-year level. This measure captures both the intensity of mismatch and its type – whether overeducation, undereducation, or a mix of the two. We assess the role of human resource practices in reducing the intensity of educational mismatch in Italian firms by estimating econometric models that control for a rich set of firm characteristics, as well as year and industry-region fixed effects. Firm-fixed effects and instrumental variable models complement the analysis. Findings indicate that the use of private recruitment agencies, on-the-job training, and structured supervision is associated with a reduction in mismatch intensity. The impact of other practices varies by mismatch type: higher job turnover rates correlate with lower undereducation but increased overeducation, while second-level bargaining increases undereducation and reduces overeducation." (Author's abstract, IAB-Doku) ((en))
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Literaturhinweis
A Simple Explanation of Countercyclical Uncertainty (2024)
Zitatform
Bernstein, Joshua, Michael Plante, Alexander W. Richter & Nathaniel A. Throckmorton (2024): A Simple Explanation of Countercyclical Uncertainty. In: American Economic Journal. Macroeconomics, Jg. 16, H. 4, S. 143-171. DOI:10.1257/mac.20220134
Abstract
"This paper documents that labor search and matching frictions generate countercyclical uncertainty because the inherent nonlinearity in the flow of new matches makes employment uncertainty increasing in the number of people searching for work. Quantitatively, this mechanism is strong enough to explain uncertainty and real activity dynamics, including their correlation. Through this lens, uncertainty fluctuations are endogenous responses to changes in real activity that neither affect the severity of business cycles nor warrant policy intervention, in contrast with leading theories of the interaction between uncertainty and real activity dynamics." (Author's abstract, IAB-Doku) ((en))
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Literaturhinweis
Uncertainty, labor force participation and job search (2024)
Bilenkisi, Fikret;Zitatform
Bilenkisi, Fikret (2024): Uncertainty, labor force participation and job search. In: Economic Modelling, Jg. 139. DOI:10.1016/j.econmod.2024.106833
Abstract
"This study examines the impact of labor force participation (LFP) on search behavior and unemployment in response to uncertainty shocks. Using a Bayesian vector autoregression model, this study shows that an increase in uncertainty raises unemployment, lowers inflation and decreases LFP and search intensity. Then, a New Keynesian model that incorporates endogenous LFP and variable search intensity is constructed. Results show that both search intensity and participation are procyclical, which suggests a discouragement effect. However, with habit formation, the wealth effect outweighs the discouragement effect and induces an increase in LFP, resulting in a more significant decline in aggregate search intensity due to the expanded searcher pool. In the exogenous LFP model, search intensity is countercyclical, which dampens the unemployment rate. In the endogenous LFP model, the increased entry of non-participants cancels out the countercyclical search intensity of unemployed workers due to the large number of searchers." (Author's abstract, IAB-Doku, © 2024 Elsevier) ((en))