Arbeitspapier
Labor Market Equilibrium with Public Employment Agency
We develop and empirically test a labor market model with Public Employment Agencies (PEA) in order to understand why not all vacancies use the costless services provided by the PEA. We show that both the search market and the PEA can be active in equilibrium. In such an equilibrium, workers with a higher productivity have a higher chance of receiving a job offer and hence a higher value of searching privately. This enables firms in the search market to attract a better pool of applicants by posting a higher wage than firms registered with the PEA. Registered firms have no incentive to compete with firms in the search market since the application process in the PEA is coordinated so that the offered wage cannot affect the meeting probability. Using the German Job Vacancy Survey, we test the implications of our theory and find strong support for it.
- Sprache
-
Englisch
- Erschienen in
-
Series: Tinbergen Institute Discussion Paper ; No. 15-017/V
- Klassifikation
-
Wirtschaft
- Thema
-
Labor Search
Intermediation
Public Employment Agency
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Holzner, Christian
Watanabe, Makoto
- Ereignis
-
Veröffentlichung
- (wer)
-
Tinbergen Institute
- (wo)
-
Amsterdam and Rotterdam
- (wann)
-
2015
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Holzner, Christian
- Watanabe, Makoto
- Tinbergen Institute
Entstanden
- 2015
Ähnliche Objekte (12)
Empirical Inference with Equilibrium Search Models of the Labor Market
Understanding the Role of the Public Employment Agency
Labor market transitions of members of opposite-sex couples: Nonparticipation, unemployed search, and employment
Labor Market Equilibrium with Public Employment Agency
Labor Market Equilibrium with Public Employment Agency
Congestion Pricing in Urban Polycentric Networks with Distorted Labor Markets: A Spatial General Equilibrium Model for the Area Randstad
Middlemen: A Directed Search Equilibrium Approach
Self-Employment around Retirement Age
Using Firm Data to assess the Performance of Equilibrium Search Models of the Labor Market
Stone Age Equilibrium
Tradable mobility permits in a monocentric city with pre-existing labor taxation: A general equilibrium perspective
Central Bank Instruments, Fiscal Policy Regimes, and the Requirements for Equilibrium Determinacy
Empirical Inference with Equilibrium Search Models of the Labor Market
Understanding the Role of the Public Employment Agency
Labor market transitions of members of opposite-sex couples: Nonparticipation, unemployed search, and employment
Labor Market Equilibrium with Public Employment Agency
Labor Market Equilibrium with Public Employment Agency
Congestion Pricing in Urban Polycentric Networks with Distorted Labor Markets: A Spatial General Equilibrium Model for the Area Randstad
Middlemen: A Directed Search Equilibrium Approach
Self-Employment around Retirement Age
Using Firm Data to assess the Performance of Equilibrium Search Models of the Labor Market
Stone Age Equilibrium
Tradable mobility permits in a monocentric city with pre-existing labor taxation: A general equilibrium perspective
Central Bank Instruments, Fiscal Policy Regimes, and the Requirements for Equilibrium Determinacy
Empirical Inference with Equilibrium Search Models of the Labor Market
Understanding the Role of the Public Employment Agency
Labor market transitions of members of opposite-sex couples: Nonparticipation, unemployed search, and employment
Labor Market Equilibrium with Public Employment Agency
Labor Market Equilibrium with Public Employment Agency
Congestion Pricing in Urban Polycentric Networks with Distorted Labor Markets: A Spatial General Equilibrium Model for the Area Randstad
Middlemen: A Directed Search Equilibrium Approach
Self-Employment around Retirement Age
Using Firm Data to assess the Performance of Equilibrium Search Models of the Labor Market
Stone Age Equilibrium
Tradable mobility permits in a monocentric city with pre-existing labor taxation: A general equilibrium perspective