Hartl, Tobias and Hutter, Christian and Weber, Enzo (2026) Matching for three: The search activities of workers, firms, and employment services. ECONOMIC MODELLING, 155: 107434. ISSN 0264-9993, 1873-6122
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The standard labour market matching function neglects a substantial variation of hirings. A crucial driver of this latent part is the search intensity of job seekers and firms, as well as the placement intensity of employment agencies. However, there is still a lack of integration of all three search and placement intensities into a unified theoretical framework. Their combined labour market effects have not been estimated so far. We feed all three intensities into the theoretical framework of a labour market matching function to estimate their impact on the job finding rate-effects which are not settled a priori. This could provide important stylised facts for subsequent theory building. For measuring the search and placement intensities, we use big data on online activity obtained from the job exchange of the German Federal Employment Agency and from its internal placement-software. The results show that all three intensities significantly contribute to the variation in job findings beyond vacancies and unemployment. During the COVID-19 crisis, reduced search intensities accounted for 44 percent of lost hirings and 16 percent of the labour market related increase in unemployment.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | JOB SEARCH; UNEMPLOYMENT; INTENSITY; PERFORMANCE; BEHAVIOR; MISMATCH; Labour market search intensity; Online activity; Matching function; COVID-19 crisis |
| Subjects: | 300 Social sciences > 330 Economics |
| Divisions: | Business, Economics and Information Systems > Institut für Volkswirtschaftslehre und Ökonometrie > Lehrstuhl für Empirische Wirtschaftsforschung, insbesondere Makroökonomie und Arbeitsmarkt (Prof. Dr. Enzo Weber) |
| Depositing User: | Dr. Gernot Deinzer |
| Date Deposited: | 06 May 2026 09:42 |
| Last Modified: | 06 May 2026 09:42 |
| URI: | https://pred.uni-regensburg.de/id/eprint/66903 |
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