RECRUITMENT POLICIES, JOB-FILLING RATES, AND MATCHING EFFICIENCY

• 成果类型: Article
• 署名作者: Carrillo-Tudela, Carlos; Gartner, Hermann; Kaas, Leo
• 署名单位: University of Essex; Goethe University Frankfurt
• 刊物名称: JOURNAL OF THE EUROPEAN ECONOMIC ASSOCIATION
• ISSN/ISSBN: 1542-4766
• DOI: 10.1093/jeea/jvad034
• 发表日期: 2023
• 页码: 2413-2459
• 关键词: search; DYNAMICS; VACANCIES; MODEL

摘要

Recruitment intensity is important for the matching process in the labor market. Using unique linked survey-administrative data, we investigate the relationships between hiring and recruitment policies at the establishment level. Faster hiring goes along with higher search effort, lower hiring standards, and more generous wages. We develop a directed search model that links these patterns to the employment adjustments of heterogeneous firms. The model provides a novel structural decomposition of the matching function that we use to evaluate the relative importance of these recruitment policies at the aggregate level. The calibrated model shows that hiring standards play an important role in explaining differences in matching efficiency across labor markets defined as region/skill cross-products and for the impact of labor market policy, whereas search effort and wage policies play only a minor role. (JEL: E24, J23, J63)