How important are matching frictions in the labor market? Experimental & non-experimental evidence from a large Indian firm

• 成果类型: Article
• 署名作者: Banerjee, Abhijit, V; Chiplunkar, Gaurav
• 署名单位: Massachusetts Institute of Technology (MIT); University of Virginia
• 刊物名称: JOURNAL OF DEVELOPMENT ECONOMICS
• ISSN/ISSBN: 0304-3878
• DOI: 10.1016/j.jdeveco.2024.103330
• 发表日期: 2024
• 关键词: Matching; LABOR; Job-search; RECRUITMENT; experiment

摘要

This paper provides evidence of matching frictions in the Indian labor market. Using several methods to elicit genuine preferences of job-seekers over jobs, we show that: (a) there is substantial variation in job-seekers preferences over the same jobs; and (b) placement officers, responsible for placing job-seekers in jobs, have poor knowledge of it. Providing placement offers with this information improves matching of job-seekers to interviews, even after taking into account redistribution of jobs across job-seekers. Treated job-seekers get more preferred jobs and retain them in the short run (three months), but not in the longer run (six months).