An Estimated Search and Matching Model of the Croatian Labor Market: Post-crisis Analysis
The paper specifies a simple search and matching model of the labor market and studies how well the model can describe aggregate Croatian labor market dynamics. The model developed is a discrete-time search and matching model with convex vacancy posting costs and two types of shocks: productivity an...
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| Format: | Article |
| Language: | English |
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The Institute of Economics, Zagreb
2020-01-01
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| Series: | Croatian Economic Survey |
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| Online Access: | https://hrcak.srce.hr/file/361546 |
| _version_ | 1797207043519545344 |
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| author | Jelena Rkman |
| author_facet | Jelena Rkman |
| author_sort | Jelena Rkman |
| collection | DOAJ |
| description | The paper specifies a simple search and matching model of the labor market and studies how well the model can describe aggregate Croatian labor market dynamics. The model developed is a discrete-time search and matching model with convex vacancy posting costs and two types of shocks: productivity and separation shocks. The model is estimated on unemployment and vacancy data during the period from 2012 to 2020 by using Bayesian methods. The model fits the data well and the estimation shows that productivity shocks are the main driving force of the fluctuations in the labor market, especially for the case of vacancies and output, while the separation shock process accounts for a large percentage of unemployment fluctuations. |
| first_indexed | 2024-04-24T09:16:38Z |
| format | Article |
| id | doaj.art-0cddbbbc7d6d4ee880842532ffdee04d |
| institution | Directory Open Access Journal |
| issn | 1330-4860 1846-3878 |
| language | English |
| last_indexed | 2024-04-24T09:16:38Z |
| publishDate | 2020-01-01 |
| publisher | The Institute of Economics, Zagreb |
| record_format | Article |
| series | Croatian Economic Survey |
| spelling | doaj.art-0cddbbbc7d6d4ee880842532ffdee04d2024-04-15T16:42:26ZengThe Institute of Economics, ZagrebCroatian Economic Survey1330-48601846-38782020-01-01222357210.15179/ces.22.2.2An Estimated Search and Matching Model of the Croatian Labor Market: Post-crisis AnalysisJelena Rkman0Graduate School of Economics, Osaka University, Osaka, JapanThe paper specifies a simple search and matching model of the labor market and studies how well the model can describe aggregate Croatian labor market dynamics. The model developed is a discrete-time search and matching model with convex vacancy posting costs and two types of shocks: productivity and separation shocks. The model is estimated on unemployment and vacancy data during the period from 2012 to 2020 by using Bayesian methods. The model fits the data well and the estimation shows that productivity shocks are the main driving force of the fluctuations in the labor market, especially for the case of vacancies and output, while the separation shock process accounts for a large percentage of unemployment fluctuations.https://hrcak.srce.hr/file/361546unemployment fluctuationssearch and matchingCroatiaBayesian estimation |
| spellingShingle | Jelena Rkman An Estimated Search and Matching Model of the Croatian Labor Market: Post-crisis Analysis Croatian Economic Survey unemployment fluctuations search and matching Croatia Bayesian estimation |
| title | An Estimated Search and Matching Model of the Croatian Labor Market: Post-crisis Analysis |
| title_full | An Estimated Search and Matching Model of the Croatian Labor Market: Post-crisis Analysis |
| title_fullStr | An Estimated Search and Matching Model of the Croatian Labor Market: Post-crisis Analysis |
| title_full_unstemmed | An Estimated Search and Matching Model of the Croatian Labor Market: Post-crisis Analysis |
| title_short | An Estimated Search and Matching Model of the Croatian Labor Market: Post-crisis Analysis |
| title_sort | estimated search and matching model of the croatian labor market post crisis analysis |
| topic | unemployment fluctuations search and matching Croatia Bayesian estimation |
| url | https://hrcak.srce.hr/file/361546 |
| work_keys_str_mv | AT jelenarkman anestimatedsearchandmatchingmodelofthecroatianlabormarketpostcrisisanalysis AT jelenarkman estimatedsearchandmatchingmodelofthecroatianlabormarketpostcrisisanalysis |