Did the Labour Market Matching Efficiency Change in Poland In 2003-2008?

• Autorzy: Ewa Gałecka-Burdziak
• Języki publikacji: EN

Abstrakty

EN

The author addresses the problem of potential fluctuations in the matching process efficiency in Poland in the time span of 2003-2008. This period reflects a systematic upward movement along a Beveridge curve, so we can expect minor (if any) reallocation and efficiency changes. However, knowing that the trade process is time- and resource-consuming and that on average it depends on the number of agents in the labour market and other variables, the author expresses doubt if it is homogenous even along the UV curve. The author uses aggregate time series and estimates various matching functions models handling econometrically for temporal aggregation bias in the data, and employs the concept of augmented matching function. At the disaggregated level the assumption of agents homogeneity is tested and the values of several mismatch indices in occupational and regional perspectives are computed. The aggregate matching function models estimates are in line with theoretical indications and prove no changes in the efficiency of the labour market matching process. It is hard, however, to confirm the assumption of agents homogeneity. In general, the analysed time span is characterized by an increase of labour market tightness indices, a decrease of unemployment rates and, in fact, minor mismatch changes (a slight increasing tendency with negligible value changes). This set indicates a lower aggregate disequilibrium.(original abstract)

Słowa kluczowe

EN

Labour market; Effectiveness; Business fluctuations; Beveridge curve; Aggregation bias

PL

Rynek pracy; Efektywność; Wahania koniunkturalne; Krzywa Beveridge’a; Obciążenie agregacyjne

• Czasopismo: Argumenta Oeconomica
• Rocznik: 2017
• Numer: nr 2 (39)
• Strony: 91--110

Twórcy

autor

Ewa Gałecka-Burdziak

• Warsaw School of Economics, Poland

Bibliografia

• Abraham, K., Mismatch and Labour Mobility: Some Final Remarks, [in:] Padoa-Schioppa, F. (ed.), 1991.
• Act on Promotion of Employment and Labour Market Institutions of 2004, art. 36, p. 5 (Dz. U. 2004, No. 99, 1001 with later amendments), 1991.
• Antolín, P., Gross Worker Flows: How Does the Spanish Evidence Fit the Stylized Facts, "Labour" 13 (2), pp. 549-585, 1999.
• Badanie ankietowe rynku pracy. Raport 2012 [Labour Market Survey. Report 2012]. Instytut Ekonomiczny National Bank of Poland, http://www.nbp.pl, access: 01.03.2013.
• Blanchard, O., Diamond, P., The Beveridge Curve, "Brookings Papers on Economic Activity", pp. 1-76, 1989.
• Blanchard, O., Diamond, P., Ranking, Unemployment Duration, and Wages, "Review of Economic Studies", 61, pp. 417-434, 1994.
• Central Statistical Office, http://www.stat.gov.pl, access: 20.03.2014.
• Coles, M., Turnover Externality with Marketplace Trading, "International Economic Review", Vol. 40, No. 4, pp. 851-868, 1999.
• Coles, M., Petrongolo, B., A Test Between Stock-Flow Matching and the Random Matching Function Approach, "International Economic Review", Vol. 49, no. 4, pp. 1113-1141, 2008.
• Coles, M., Smith, E., Marketplace and Matching, "International Economic Review", Vol. 39, No. 1 (Feb.), pp. 239-254, 1998.
• Diamond, P., Aggregate Demand Management in Search Equilibrium, "The Journal of Political Economy", Vol. 90, issue 5 (Oct.), pp. 881-894, 1982.
• Drozdowicz-Bieć, M., Metoda konstrukcji Barometru Ogłoszeń o Pracy [The Method of Constructing Vacancies Barometer]. Bureau for Investments and Economic Cycles LLC., Warszawa-Rzeszów, 2004.
• Drozdowicz-Bieć, M., Cykle i wskaźniki koniunktury [Business Cycles and Indicators]. Wydawnictwo Poltext, Warszawa, 2012.
• Eurostat, http://epp.eurostat.ec.europa.eu access: 01.09.2013.
• Gałecka, E., Dopasowania podażowej i popytowej strony rynku pracy. Analiza na przykładzie Polski w latach 1998-2007 [Labour Market Matching Models. The Analysis for the Polish Labour Market in 1998-2007], dissertation, University of Łódź, unpublished manuscript, 2008.
• Gałecka-Burdziak, E., Mechanisms of Labour Market Matching of Job Seekers and Vacancies, PhD dissertation, Warsaw School of Economics, unpublished manuscript, 2013.
• Gałecka-Burdziak, E., Randomness or Stock-flow: Which Mechanism Describes Labour Market Matching in Poland?, "Baltic Journal of Economics", 17:2, pp. 119-135, 2017.
• Gregg, P., Petrongolo, B., Stock-flow Matching and the Performance of the Labor Market, "European Economic Review", 49, pp. 1987-2011, 2005.
• Hall, E., A Theory of the Natural Unemployment Rate and the Duration of Employment, "Journal of Monetary Economics", 5, pp. 153-169, 1979.
• Jackman, R., Roper, S., Structural Unemployment, "Oxford Bulletin of Economics and Statistics", 49(1), pp. 9-37, 1987.
• Lehmann, H., Active Labour Market Policies in the OECD and in Selected Transition Economies, World Bank Policy Research Working Paper No 1502, 1995.
• Lindeboom, M., van Ours, J., Renes, G., Matching Employers and Workers: An Empirical Analysis of the Effectiveness of Search, Oxford Economic Papers, New Series, Vol. 46, No. 1, pp. 45-67, 1994.
• Ministry of Labour and Social Policy, http://www.mpips.gov.pl, access: 01.03.2013.
• Padoa-Schioppa, F. (ed.), Mismatch and Labour Mobility. Cambridge University Press, Cambridge, 1991.
• Pater, R., Cykle koniunkturalne na polskim rynku pracy i ich zakłócenia [Business Cycles in the Polish Labour Market and Their Distortions], PhD dissertation, Warsaw School of Economics, unpublished manuscript, 2010.
• Petrongolo, B., Pissarides, C., Looking into the Black Box: A Survey of the Matching Function, "Journal of Economic Literature", Vol. XXXIX (June), pp. 390-431, 2001.
• Petrongolo, B., Pissarides, C., Scale Effects in Markets With Search, "The Economic Journal", 116, pp. 21-44, 2006.
• Pissarides, C., The Search Equilibrium Approach to Fluctuations in Employment, "American Economic Review", Vol. 78, No. 2, pp. 363-368, 1988.
• Puhani, P., Public Training and Outflows from Unemployment. An Augmented Matching Function Approach on Polish Regional Data, William Davidson Institute Working Papers Series No. 258, 1999.
• Registered unemployment 2003-2008, Public Employment Services http://www.psz.praca. gov.pl access: 01.09.2013.
• Roszkowska, S., Aggregate Matching Function. The Case of Poland, "Central European Journal of Economic Modelling and Econometrics", Vol. 1, issue 2, pp.157-177, 2009.
• Shapiro, C., Stiglitz, J., Equilibrium Unemployment as a Worker Discipline Device, "The American Economic Review", Vol. 74, No. 3, pp. 433-444, 1984.
• Taylor, C., The Long Side of the Market and the Short End of the Stick: Bargaining Power and Price Formation in Buyers', Sellers' and Balanced Markets, "The Quarterly Journal of Economics", pp. 837-855, 1995.

Identyfikatory

DOI

10.15611/aoe.2017.2.04