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Do high levels of US employment reduce labour matching efficiency?

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  • Andrew Crawley
  • Sarah Welch

Abstract

The US has witnessed an unprecedented period of employment expansion following the 2008/09 recession. This article uses a Beveridge curve approach to estimate US labour matching efficiency over the course of the last decade. It then analyses the effect of increasing employment on this efficiency. The results show that employment and labour market efficiency are co-integrated and as employment rises the efficiency of the matching process decreases.

Suggested Citation

  • Andrew Crawley & Sarah Welch, 2020. "Do high levels of US employment reduce labour matching efficiency?," Applied Economics Letters, Taylor & Francis Journals, vol. 27(2), pages 77-81, January.
  • Handle: RePEc:taf:apeclt:v:27:y:2020:i:2:p:77-81
    DOI: 10.1080/13504851.2019.1608351
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    Cited by:

    1. Crawley, Andrew & Hallowell, Angela, 2020. "A thematic approach to regional economic development: Technical report for the state of Maine development strategy 2020-2029," MPRA Paper 102540, University Library of Munich, Germany.
    2. Crawley, Andrew & Welch, Sarah & Yung, Julieta, 2021. "Improving estimates of job matching efficiency with different measures of unemployment," Journal of Macroeconomics, Elsevier, vol. 67(C).

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