Intermediation Services and Search Frictions

Abstract

Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. In many countries Public Employment Agencies (PEA) offer intermediation services to help as many people as possible to find work by bringing together supply and demand. Using a unique vacancy-level data-set on the number of applicants, we find positive effects of the intermediation services on mitigating search frictions. In particular, we show that applications coming via the PEA are more evenly distributed across vacancies than the applications coming via other search channels. This holds for the total number of applicants as well as the suitable number of applicants. Our results suggest that the market operated by the PEA attains more coordinated job applications compared to other search channels. Terms of use: Documents in

Public Employment Agency Reform, Matching Efficiency, and German Unemployment

“…While our conclusions are based on aggregate time series and aggregate modeling, they are completely in line with the institutional details and causal microeconometric evidence. Holzner & Watanabe (2020) and Holzner & Watanabe (2021) analyze the matching process of the PEA and the Hartz III-reform in two companion papers. They argue that vacancy referrals (i.e.…”

Public Employment Agency Reform, Matching Efficiency, and German Unemployment

“…As public employment agencies (PEA) offer vacancy referrals and job counseling in many OECD countries (e.g. Holzner & Watanabe 2020, it is crucial to understand how private and public job intermediation interact. Eichhorst et al (2013) document that a large fraction of workers uses a PEA in different European countries.…”

“…While our conclusions are based on aggregate time series and aggregate modelling, they are completely in line with the institutional details and causal microeconometric evidence. Holzner & Watanabe (2020) and Holzner & Watanabe (2021) analyze the matching process of the PEA and the Hartz III reform in two companion papers. They argue that vacancy referrals (i.e.…”

Public Employment Agency Reform, Matching Efficiency, and German Unemployment

“…As public employment agencies (PEA) offer vacancy referrals and job counseling in many OECD countries (e.g. Holzner & Watanabe 2020, it is crucial to understand how private and public job intermediation interact.…”

“…While our conclusions are based on aggregate time series and aggregate modeling, they are completely in line with the institutional details and causal microeconometric evidence. Holzner & Watanabe (2020) and Holzner & Watanabe (2021) analyze the matching process of the PEA and the Hartz III-reform in two companion papers. They argue that vacancy referrals (i.e.…”