Some Empirical Evidence of the Efficacy of Job Matching in Urban Labor Markets |
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Authors: | Jeffrey J Yankow |
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Institution: | (1) Department of Economics, Furman University, 3300 Poinsett Highway, Greenville, SC 29613, USA |
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Abstract: | Theory predicts that workers in cities are more likely to engage in job search, ceteris paribus, due to market efficiencies associated with greater job density. However, if job search is more efficient in urban markets,
then the quality of a given job match should also tend to be higher in cities, ceteris paribus. Employed workers living in cities might then be expected to search less than their nonurban counterparts. In this latter
instance, it is not city residency itself that makes search less likely, but rather the positive correlation between city
residency and job match quality. Using data from the National Longitudinal Survey of Youth 1979, this prediction is confirmed:
The estimated coefficient on an indicator of urban residency is found to be near zero and statistically insignificant in models
of employed search that omit proxies for job match quality. When job match proxies are included in the models, the estimated
coefficient on urban residency becomes positive and highly significant. This result suggests that workers are not only more
likely to engage in employed search in urban labor markets, but also tend to find more productive job matches in cities over
time.
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Keywords: | Job search Job matching Urban labor markets Coordination hypothesis |
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