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Job applications and labour market flows / by Serdar Birinci, Kurt See, Shu Lin Wee.FB3-5/2021-49E-PDF

"Job applications have risen over time, yet job-finding rates have remained unchanged. Meanwhile, job separations have declined. We argue that an increase in the number of applications raises the probability of finding a good match rather than the probability of findinga job. Using a search model with multiple applications and costly information, we show that when applications increase, firms invest in identifying good matches, thereby reducing separations. Concurrently, increased congestion and selectivity over which offer to accept temper increases in job-finding rates. Our framework contains testable implications for changes in offers, acceptances, reservation wages, applicants per vacancy, and tenure, factors that enable us to generate the trends in unemployment flows"--Abstract.

Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.904055&sl=0

Publication information
Department/Agency
  • Bank of Canada, issuing body.
TitleJob applications and labour market flows / by Serdar Birinci, Kurt See, Shu Lin Wee.
Series title
  • Staff working paper = Document de travail du personnel, 1701-9397 ; 2021-49
Publication typeMonograph - View Master Record
Language[English]
FormatDigital text
Electronic document
Note(s)
  • "Last updated: October 12, 2021."
  • Includes bibliographical references (pages 35-36).
Publishing information
  • Ottawa, Ontario, Canada : Bank of Canada = Banque du Canada, 2021.
  • ©2021
Author / Contributor
  • Birinci, Serdar, author.
Description1 online resource (1 volume (various pagings)) : charts.
Catalogue number
  • FB3-5/2021-49E-PDF
Subject terms
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