Labor Market Externality and Matching Efficiency in Korea
2
조회
0
다운로드
0
인용
0
참고문헌
키워드
초록
This paper investigates the effect of regional labor market externality on the matching efficiency. The externality is measured by the ratio of labor turnover within the region relative to the total, using Korean Employment Insurance database. Labor matching efficiency is estimated with the labor mating function using the data both from the national establishment survey on vacancies and hires and public administrative data(Worknet) of job matching. The results show that the labor externality incurred by regular full-time workers within the regional cluster is positively correlated with the matching efficiency but total labor mobility is negatively correlated with the matching efficiency in case of the establishment survey data. This implies that the regional labor cluster among regular workers can form more cohesive and influential network in regional labor market rather than irregular workers. On the other hand, when we analyze the regional labor market using Worknet data with more of senior and less educated job seekers, the total labor externality is positively correlated with matching efficiency while labor externality from regular workers is negatively correlated with total matching efficiency. It implies that the regional labor externality has a differential impact on the matching efficiency depending on the characteristics of vacancies and job seekers.
Abstract
This paper investigates the effect of regional labor market externality on the matching efficiency. The externality is measured by the ratio of labor turnover within the region relative to the total, using Korean Employment Insurance database. Labor matching efficiency is estimated with the labor mating function using the data both from the national establishment survey on vacancies and hires and public administrative data(Worknet) of job matching. The results show that the labor externality incurred by regular full-time workers within the regional cluster is positively correlated with the matching efficiency but total labor mobility is negatively correlated with the matching efficiency in case of the establishment survey data. This implies that the regional labor cluster among regular workers can form more cohesive and influential network in regional labor market rather than irregular workers. On the other hand, when we analyze the regional labor market using Worknet data with more of senior and less educated job seekers, the total labor externality is positively correlated with matching efficiency while labor externality from regular workers is negatively correlated with total matching efficiency. It implies that the regional labor externality has a differential impact on the matching efficiency depending on the characteristics of vacancies and job seekers.
참고문헌 (10)
- G. Dumais, "Geographic Concentration as a Dynamic Process", Review of Economics and Statistics, 84, pp.193~204 (2002)
- S. S. Rosenthal, "The Determinants of Agglomeration", Journal of Urban Economics, 50, pp.191~229 (2001)
- A. Malmberg, "(How) do (firms in) clusters create knowledge?", Industry and Innovation, 12, pp.409~431 (2005)
- L. Fleming, "The evolution of inventor networks in the Silicon Valley and Boston regions", Advances in Complex Systems, 10, pp.53~71 (2007)
- P. Bayer, "Place of Work and Place of Residence: Informal Hiring Networks and Labor Market Outcomes", Journal of Political Economy, 116(6), pp.1150~1196 (2008)
- 이대창, "한국의 구인·구직 매칭함수 추정", 노동경제논집, 38(1), pp.1~30 (2015), 한국노동경제학회
- B. Petrongolo, "Looking into the Black Box: A Survey of the Matching Function", Journal of Economic Literature, 39(2), pp.390~431 (2001)
- R. Eriksson, "Localized mobility clusters: Impacts of labour market externalities on firm performance", Journal of Economic Geography, 9(1), pp.33~53 (2009)
- R. Boschma, "Labour Market Externalities and Regional Growth in Sweden:The Importance of Labour Mobility between Skill-Related Industries", Regional Studies, 48(10), pp.1669~1690 (2014)
- S. Breschi, "Mobility of skilled workers and co-invention networks: an anatomy of localized knowledge flows", Journal of Economic Geography, 9, pp.439~468 (2009)