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Unemployment and Vacancies
Stockholm University, Faculty of Social Sciences, The Swedish Institute for Social Research (SOFI).
2009 (English)Report (Other academic)
Abstract [en]

How can vacancy statistics be used to measure friction in job matching and the effects of friction on unemployment? First, measure deviations from instantaneous hirings by the average duration of recruitment as measured by the number of job vacancies divided by the number of hirings per month. Second, measure direct effects of recruitment times on employment by measuring unfilled jobs, defined as unoccupied job vacancies which are available immediately. Third, measure indirect effects of recruitment times on employment by estimating first the effect of recruitment times on product prices and then the effect of a price change on sales, production and employment. Fourth, measure ‘search ineffectiveness’ with potential effects on the NAIRU by the rate of unfilled jobs.

Place, publisher, year, edition, pages
2009. , 37 p.
Series
Swedish Institute for Social Research, ISSN 0283-8222 ; 8/2009
National Category
Economics
Identifiers
URN: urn:nbn:se:su:diva-31852OAI: oai:DiVA.org:su-31852DiVA: diva2:278767
Available from: 2009-11-30 Created: 2009-11-30 Last updated: 2012-02-21Bibliographically approved

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Ante Farm WP 8/2009(206 kB)78 downloads
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CiteExportLink to record
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Citation style
  • apa
  • ieee
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  • vancouver
  • Other style
More styles
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  • de-DE
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  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
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  • Other locale
More languages
Output format
  • html
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  • asciidoc
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