AIAS Lunch Seminar 23 april Pablo de Pedraza - AIAS

‘Matching function, Beveridge Curve and the Great Recession in The Netherlands’

Pablo de Pedraza

Day: Thursday 23 April 2015
Time: 12.15 – 13.15 hrs.
Location: AIAS, 4th floor Gijsbert van Tienhoven building, room 4.09, Roeterstraat 31, 1018 WB (NEW LOCATION!)
Registration: Please send an email, preferably before Wednesday 22 April, 12.00 hrs. to register.
A sandwich will then be provided.

Abstract

In this paper we study the pre and post-crisis, from 2001 to 2014, matching function (MF) and Beveridge curve (BC) for the Dutch labour market. Both tools can be used to study determinants of outflow from unemployment and the shocks affecting the labour market. After an introduction exploring general trends of the Dutch labour market to motivate the use of the matching function and the Beveridge curve and a short explanation of the data and the estimation strategy, we study whether the Dutch matching function remains stable before and after the crisis by comparing the observed value of the job finding rate from 2001 to 2014 with that predicted by a standard matching function. We also use a standard matching function to show how aggregate matching efficiency has been moving over the economic cycle. Afterwards, we estimate a generalized matching function, in which the job finding rate does not depend only on aggregate market tightness to explore the role of the composition effect
–search efficiency change as a result of changes in unemployment (job-seekers pool), such as an increase in the proportion of long term unemployment or inactive population trying entering the labour market– and the dispersion effect –search efficiency changes as a result of changes in labour market conditions dispersion, such as tight submarkets coexisting with slack ones– (Barnichon and Figura 2013).

The next lunch seminar 7 May

Paul Smit
A south African perspective on unfair dismissal
PhD (Labour Relations Management), Senior Lecturer in Labour Relations in the Department of Human Resource Management, University of Pretoria, South Africa


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