TY  - RPRT
        AU  - Borowczyk-Martins, Daniel
AU  - Jolivet, Grégory
AU  - Postel-Vinay, Fabien
        TI  - Accounting For Endogenous Search Behavior in Matching Function Estimation
        PY  - 2011/Jun/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 5807
        UR  - https://www.iza.org/publications/dp5807
        AB  - We show that equilibrium matching models imply that standard estimates of the matching function elasticities are exposed to an endogeneity bias, which arises from the search behavior of agents on either side of the market. We offer an estimation method which, under certain assumptions, is immune from that bias. Application of our method to the estimation of a basic version of the matching function using aggregate U.S. data from the Job Openings and Labor Turnover Survey (JOLTS) suggests that the bias is quantitatively important.
        KW  - unemployment
KW  - matching function estimation
KW  - vacancies
KW  - job finding
        ER  -