Benchmarking regions: Estimating the counterfactual distribution of labor market outcomes

Arbeitspapier

This paper develops and implements a new benchmarking approach for labor market regions. Based on panel data for regions, we use nonparametric matching techniques to account for observed labor market characteristics and for spatial proximity. As the benchmark, we estimate the counterfactual distribution of labor market outcomes for a region based on outcomes of similar regions. This allows to measure both the rank (relative performance) and the absolute performance based on the actual outcome for a region. Our outcome variable of interest is the hiring rate among the unemployed. We implement different similarity measures to account for differences in labor market conditions and spatial proximity, and we choose the tuning parameters in our matching approach based on a cross-validation procedure. The results show that both observed labor market characteristics and spatial proximity are important features to successfully match regions. Specifically, the modified Zhao (2004) distance measure and geographic distance in logs work best in our applications. Our estimated performance measures remain quite stable over time.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: IZA Discussion Papers ; No. 6465

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Semiparametric and Nonparametric Methods: General ; Mobility, Unemployment, and Vacancies: Public Policy ; Regional Government Analysis: General
• Thema: matching function ; regional employment offices ; performance measurement ; nonparametric matching ; conditional quantile positions ; Regionaler Arbeitsmarkt ; Regionale Arbeitslosigkeit ; Benchmarking ; Performance-Messung ; Deutschland

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Fitzenberger, Bernd ; Furdas, Marina
• Ereignis: Veröffentlichung
• (wer): Institute for the Study of Labor (IZA)
• (wo): Bonn
• (wann): 2012

Weitere Informationen

• Handle: http://hdl.handle.net/10419/58607
• URN: urn:nbn:de:101:1-201208065478
• Letzte Aktualisierung: 10.03.2025, 11:44 MEZ