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Discussion Paper Details

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Title: Understanding the Matching Function: The Role of Newspapers and Job Agencies

Author(s): Melvyn G Coles

Publication Date: April 1994

Keyword(s): Job Centres, Matching and Returns to Scale

Programme Area(s): Human Resources

Abstract: This paper provides a microeconomic model of matching which implies that the standard, reduced form approach, is misspecified. A simple model is analysed (with help-wanted/employment-needed advertising) where the matching rate depends not only on the stocks of unemployed and vacancies in the market, but also on the flows of new vacancies and new job seekers. The model is consistent with the empirical fact that one-quarter of all new vacancies posted in a job centre are filled the same day.

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Bibliographic Reference

Coles, M. 1994. 'Understanding the Matching Function: The Role of Newspapers and Job Agencies'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=939