Worker selection, hiring, and vacancies

• Main Author: BAYDUR, Ismail
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2017
• Subjects: equilibrium unemployment; cyclical behavior; labor-market; turnover costs; firm dynamics; search; efficiency; wages; size; Labor Economics; Macroeconomics
• Online Access: https://ink.library.smu.edu.sg/soe_research/1990; https://ink.library.smu.edu.sg/context/soe_research/article/2989/viewcontent/workerselection.pdf
• Institution: Singapore Management University

The ratio of hirings to vacancies in the U.S. has the following establishment level properties: (i) it steeply rises with employment growth rate; (ii) falls with establishment size; and (iii) rises with worker turnover rate. The standard Diamond-Mortensen Pissarides (DMP) matching model is not compa...