The Beveridge Curve, Matching, and Labour Market Flows: A Reinterpretation
重新审视贝弗里奇曲线的标准理论，发现面板数据不支持失业高时职位空缺更快被填补的假设，提出在职搜寻模型在空缺填补率不变时也能解释该曲线。
ABSTRACT A standard theory of the Beveridge curve is based on the matching function: when unemployment is high, vacancies are filled quickly, so fewer vacancies are needed to balance the inflow into unemployment. Estimating matching functions on panel data, we find no (or very weak) evidence that vacancies are filled quickly when unemployment is high. A model with on‐the‐job search can explain the Beveridge curve when vacancies are filled at a constant rate: when unemployment is high, unemployed job seekers fill a larger share of the vacancies, so fewer vacancies are needed to balance the inflow into unemployment.