Konferenzbeitrag

Regional Matching Frictions and Aggregate Unemployment

The study shows that a stochastic frontier approach applied to regional level data offers a convenient and interesting method to examine how regional differences in matching efficiency and structural factors contribute to aggregate unemployment. The study finds notable and time-wise stable differences in the matching efficiency across travel-to-work areas in Finland. If all areas were as efficient as the most efficient one, the number of hires would increase about 40 per cent. This would decrease the aggregate unemployment rate from the current 8.5 percent level to 6.0 per cent. If all the areas shared the same structural characteristics as the most favourable area, the aggregate unemployment rate would drop to 7.1 per cent.

Language
Englisch

Bibliographic citation
Series: 46th Congress of the European Regional Science Association: "Enlargement, Southern Europe and the Mediterranean", August 30th - September 3rd, 2006, Volos, Greece

Classification
Wirtschaft

Event
Geistige Schöpfung
(who)
Hynninen, Sanna-Mari
Kangasharju, Aki
Pehkonen, Jaakko
Event
Veröffentlichung
(who)
European Regional Science Association (ERSA)
(where)
Louvain-la-Neuve
(when)
2006

Handle
Last update
10.03.2025, 11:43 AM CET

Data provider

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Object type

  • Konferenzbeitrag

Associated

  • Hynninen, Sanna-Mari
  • Kangasharju, Aki
  • Pehkonen, Jaakko
  • European Regional Science Association (ERSA)

Time of origin

  • 2006

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