Nonparametric estimation of matching efficiency and elasticity on a private on-the-job search platform: Evidence from Japan, 2014–2024

I analyze proprietary data from BizReach (2014–2024) to estimate the matching function for high-skill workers on a private on-the-job search platform using Lange and Papageorgiou (2020) nonparametric approach. Comparing it to Hello Work, I find that matching efficiency on the private platform is both more volatile and higher, reflecting its growing popularity. Matching elasticity with respect to users is around 0.75, while for vacancies, it reaches 1.0, suggesting a more balanced elasticity than Hello Work. The study also uncovers industry-level heterogeneity, highlighting differences in matching dynamics across sectors.