The efficiency of the Dutch labour market in matching unemployment and vacancies

作者: J. C. van Ours

DOI: 10.1007/BF01423571

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摘要: A matching function specifies the relationship between flow of filled job vacancies and stocks unemployed vacancies. This paper estimates Dutch labour market. It appears that this is best described by a Cobb-Douglas with constant returns to scale coefficients 0.4 on unemployment 0.6 The shifted at end sixties remained quite stable afterwards. indicates higher level lower market today as efficient in generating it was seventies.

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