Lancashire Careers Service Database, 1988-1992

The aim of the research was to test the predictions of the stock-flow matching model. The specific objectives were:<br> <li>to construct a unique database to analyse the joint behaviour of employers and job seekers;</li><br> <li>to determine the length of time it takes new entrants to the labour market to sample the existing stocks, and to examine the implications of temporal aggregation;</li><br> <li>to estimate the matching probability for four sub-samples of job seekers and vacancies;</li><br> <li>to estimate duration models for both unemployment and vacancy hazards to determine whether there is a discrete fall in the hazard after new agents have searched the existing stocks;</li><br> <li>to aggregate the data on job seekers and vacancies to estimate hiring and contract functions;</li><br> <li>to examine the implications of changes in the occupational preferences of job seekers for the stock-flow matching model;</li><br> <li>to explore the policy implications of the project findings.</li>