English, Article, Journal or magazine article edition: Understanding Labour Market Frictions: A Tobin’s Q Approach Parantap Basu

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Bookmark: http://trove.nla.gov.au/version/34482
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Understanding Labour Market Frictions: A Tobin’s Q Approach
Author
  • Parantap Basu
Physical Description
  • preprint
Notes
  • Labour market friction is viewed as the Tobin’s Q of an employed worker as opposed to the position of the Beveridge curve. This Tobin’s Q is inversely proportional to the average quality of the match between employers and workers. Based on this measure, I find that the labour market friction has a procyclical trend in the US, which is indicative of the fact that firms compromise on the quality of the skill match during an expansion.
  • Intangible Capital, Skill matching, Human capital
  • RePEc:mmf:mmfc06:35
Language
  • English
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