내생성 문제를 완화한 한국의 매칭함수 추정 = Estimation of the Matching Function in Korea by Mitigating Endogeneity Problems

다국어 초록 (Multilingual Abstract)

This paper estimates a matching function in Korea by using the method of Borowczyk-Martins et al. (2013) in order to mitigate endogeneity problems. The endogeneity was controlled through the GMM estimation by approximating the unobserved matching efficiency with the ARMA (p,q) process. The monthly data from the Economically Active Population Survey and Labor Force Survey at Establishments from June 2009 to December 2019 were used for the estimation. The matching elasticity that indicates the elasticity of new hires with respect to vacancies was estimated to be 0.859. When excluding 2019 samples, which had a large number of direct jobs provided by the government, the matching elasticity was lowered to 0.755, but still higher than that of other countries.

참고문헌 (Reference)

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