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
| Department/Agency | Bank of Canada, issuing body. |
|---|---|
| Title | Job 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 type | Series - View Master Record |
| Language | [English] |
| Format | Electronic |
| 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. |
| Description | 1 online resource (1 volume (various pagings)) : charts. |
| Catalogue number |
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| Subject terms | Applications for positions. Labor market. Demandes d'emploi. Marché du travail. |
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