Tag
market_tightness
3 findings
Labour & employmentDual-Market Screening FrictionsTreatment effects on permanent contract vacancies (+0.031 in below-median vs +0.038 in above-median, p = 0.550) and permanent contract jobseeker hires (+0.056 in below-median vs +0.038 in above-median, p = 0.711) showed no statistically significant difference between slack and tight markets.RCTMethods & evidenceMarket Tightness InvarianceSupply-side windfall ($\omega = 0.259$) and demand-side substitution ($\psi = 0.227$) were nearly equal ($\omega - \psi = 0.032$), and program scale relative to the broader labor market was under 10% (9.9% mean ratio), resulting in near-zero market tightness adjustment and validating control group spillover independence.RCTLabour & employmentCommute-Zone Micro-Market Tightness GranularityThe distribution of granular micro-market tightness yielded a median value of 0.35 across experimental firm locations, matching national macroeconomic slackness while enabling fine-grained subgroup treatment evaluations.Observational Study