Replication data for: Labor Market Heterogeneity and the Aggregate Matching Function

Principal Investigator(s): View help for Principal Investigator(s) Regis Barnichon; Andrew Figura

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Project Citation:

Barnichon, Regis, and Figura, Andrew. Replication data for: Labor Market Heterogeneity and the Aggregate Matching Function. Nashville, TN: American Economic Association [publisher], 2015. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E114096V1

Project Description

Summary: We estimate an aggregate matching function and find that the regression residual, which captures movements in matching efficiency, displays procyclical fluctuations and a dramatic decline after 2007. Using a matching function framework that explicitly takes into account worker heterogeneity as well as market segmentation, we show that matching efficiency movements can be the result of variations in the degree of heterogeneity in the labor market. Matching efficiency declines substantially when, as in the Great Recession, the average characteristics of the unemployed deteriorate substantially, or when dispersion in labor market conditions—the extent to which some labor markets fare worse than others—increases markedly. (JEL E24, E32, J41, J42)

Scope of Project

JEL Classification:
      E24 Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
      E32 Business Fluctuations; Cycles
      J41 Labor Contracts
      J42 Monopsony; Segmented Labor Markets

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Published Versions

V1 [2019-10-12]

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