Scale Effects in Markets with Search

Arbeitspapier

Reduced-form tests of scale effects in markets with search, run when aggregate matching functions are estimated, may miss important scale effects at the micro level, because of the reactions of job searchers. A semi-structural model is developed and estimated on a British sample, testing for scale effects on the offer arrival rate and the wage offer distribution. When contrasting London with the rest of the country we find scale effects in wage offers. But the larger market delivers higher realized wages and not more matches, because the scale effects on matches are offset by the response of reservation wages.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: IZA Discussion Papers ; No. 691

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Unemployment: Models, Duration, Incidence, and Job Search ; Wage Level and Structure; Wage Differentials ; Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
• Thema: job search ; economies of scale ; matching ; aggregate matching functions ; wage offer distribution ; unemployment ; Arbeitsuche ; Arbeitsnachfrage ; Skalenertrag ; Matching ; Schätzung ; Lohn ; Großbritannien

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Petrongolo, Barbara ; Pissarides, Christopher A.
• Ereignis: Veröffentlichung
• (wer): Institute for the Study of Labor (IZA)
• (wo): Bonn
• (wann): 2003

Weitere Informationen

• Handle: http://hdl.handle.net/10419/20646
• Letzte Aktualisierung: 10.03.2025, 11:41 MEZ