Tag
labor_market_tightness
2 findings
Labour & employmentDual-Friction Market Tightness InvarianceThe treatment impact on permanent vacancy creation with pre-screening services was statistically equivalent between low-tightness markets (+0.033) and high-tightness markets (+0.061) with a p-value for equal treatment effect of 0.386.RCTLabour & employmentEquilibrium Displacement ExternalitiesAt baseline French market tightness ($\theta = 0.42$), displacement externalities reduce net aggregate job creation to 68%–73% of the measured firm-level treatment impact ($ED(\sigma)/\sigma AB \approx 0.68\text{--}0.73$), demonstrating that equilibrium spillover losses offset roughly 27%–32% of firm-level hiring gains.Expert Theory