PL EN


Preferencje help
Widoczny [Schowaj] Abstrakt
Liczba wyników
2016 | nr 5 | 32
Tytuł artykułu

Randomness or stock-flow: Which mechanism describes labour market matching in Poland?

Treść / Zawartość
Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
I compare random, stock-flow and job queuing models to determine which mechanism prevails in the Polish labour market. I use monthly registered unemployment data for the period 1999 - 2013 and econometrically correct for temporal aggregation bias in the data. I extend the known solutions to make them directly applicable to a job queuing model. I find that stocks and inflows engage in a matching process. Job seekers (from the pool) seek work among old and new job posts, but only a small fraction of the newly unemployed individuals find work instantaneously. Vacancies are the driving force in aggregate hiring, but the inflow is more important than the stock. The random model has greater explanatory power, although the results do not negate the non-random model. The random model entails the need to improve information to facilitate matching. The stock-flow model implies that policy should aim at creating more job offers. (original abstract)
Rocznik
Numer
Strony
32
Opis fizyczny
Twórcy
  • Warsaw School of Economics, Poland
Bibliografia
  • Álvarez de Toledo, P., Núñez, F., Usabiaga, C. (2008). La función de emparejamiento en el mercado de trabajo español. "Revista de Economia Aplicada", 48 (vol. XVI), 5-35.
  • Badanie Ankietowe Rynku Pracy. Raport 2012. Instytut Ekonomiczny National Bank of Poland, http://www.nbp.pl, access: 01.03.2013.
  • Blanchard, O., Diamond, P. (1994). Ranking, Unemployment Duration, and Wages. "Review of Economic Studies", 61:3, 417-434.
  • Borowczyk-Martins, D., Jolivet, G., Postel-Vinay, F. (2011). Accounting For Endogenous Search Behavior in Matching Function Estimation, IZA Discussion Paper No. 5807.
  • Burdett, K., Coles, M., van Ours, J. (1994). Temporal Aggregation Bias in Stock-Flow Models.
  • Centre for Economic Policy Research Discussion Paper no. 967, May CSO, Central Statistical Office, http://www.stat.gov.pl, access: 03.09.2012.
  • Charemza, W., Syczewska, E. (1998). Joint Application of the Dickey-Fuller and KPSS Tests. "Economic Letters", 70, 1-8.
  • Coles, M., Petrongolo, B. (2003). A Test Between Unemployment Theories Using Matching Data. CEP (LSE) Discussion Paper no. 570.
  • Coles, M., Petrongolo, B. (2008). A Test Between Stock-Flow Matching and the Random Matching Function Approach. "International Economic Review", Vol. 49, No. 4 (November): 1113-1141.
  • Coles, G., Smith, E. (1998). Marketplace and Matching. "International Economic Review", Vol. 39, No. 1 (Feb.): 239-254.
  • Drozdowicz-Bieć, M. (2012). Cykle i wskaźniki koniunktury. Wydawnictwo Poltext, Warszawa.
  • Gabriel, V. (2001). Cointegration and the joint confirmation hypothesis. NIPE Working Paper Series 12.
  • Galuščák, K., Münich, D. (2005). Structural and cyclical unemployment: what can we derive from the matching function? Czech National Bank Working Paper Series 2.
  • Gałecka-Burdziak, E. (2012). Labour market matching - the case of Poland. "Bank i Kredyt", 43 (3): 31-46.
  • Gałecka-Burdziak, E. (2015a). Aggregate labour market matching in Poland. "International Journal of Economics and Business Research (IJEBR)", Vol. 9, No. 4: 393-402.
  • Gałecka-Burdziak, E. (2015b). Underestimated or overestimated: the matching function elasticities biased by worker inflows and outflows, manuscript.
  • Gregg, P., Petrongolo, B. (2005). Stock-flow matching and the performance of the labor market. "European Economic Review", 49: 1987-2011.
  • Harris, R., Sollis, R. (2005). Applied Time Series Modelling and Forecasting. John Wiley & Sons Ltd.
  • Kwiatkowski, E., Tokarski, T. (1997). Efekty polityki państwa wobec rynku pracy w Polsce. Analiza na podstawie funkcji dostosowań. "Ekonomista", 3, 345-372.
  • Lehmann, H. (2012). The Polish Growth Miracle: Outcome of Persistent Reform Efforts. IZA Policy Paper No.40.
  • Petrongolo, B., Pissarides, C. (2001). Looking into the Black Box: A Survey of the Matching Function. "Journal of Economic Literature", vol. XXXIX (June), 390-431.
  • Registered unemployment 1999 - 2013. Public Employment Services http://www.psz.praca.gov.pl access: 01.09.2013.
  • Roszkowska, S. (2009). Aggregate Matching Function. The Case of Poland. "Central European Journal of Economic Modelling and Econometrics", vol. 1, issue 2: 157-177.
  • Shapiro, C., Stiglitz, J. (1984). Equilibrium Unemployment as a Worker Discipline Device. "American Economic Review", Vol. 74, No. 3 (Jun.): 433-444.
  • Tyrowicz, J., 2011, Histereza bezrobocia w Polsce, Warszawa: Wydawnictwo Uniwersytetu Warszawskiego.
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171467931

Zgłoszenie zostało wysłane

Zgłoszenie zostało wysłane

Musisz być zalogowany aby pisać komentarze.
JavaScript jest wyłączony w Twojej przeglądarce internetowej. Włącz go, a następnie odśwież stronę, aby móc w pełni z niej korzystać.