Scandinavian Working Papers in Economics
Working Papers in Economics,
University of Gothenburg, Department of Economics
No 83: Temporary work agencies and equilibrium unemployment
Michael Neugart and Donald Storrie
Additional contact information
Michael Neugart: Minda de Gunzburg Center for European Studies, Harvard University, Postal: 27 Kirkland Street, Cambridge, MA 02138 U.S.A.
Donald Storrie: Centre for European Labour Market Studies, Department of Economics, Postal: Göteborg University, Box 640, SE 405 30 GÖTEBORG
Abstract: A striking feature of OECD labor markets in the 1990s has been the very rapid increase of temporary agency work. We augment the equilibrium unemployment model as developed by Pissarides and Mortensen with temporary work agencies in order to focus on their role as matching intermediaries and to examine the aggregate impact on employment. Our model implies that the improvement in the matching e±ciency of agencies led to the emergence and growth of temporary agency work. We also show that temporary agency work does not necessarily crowd-out other jobs.
Keywords: temporary work agencies; matching model; equilibrium unemployment; crowding-out
30 pages, October 25, 2002
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