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Double-Holdups in a Matching Model with Search Frictions and Endogenous Heterogeneity

Navarro, Lucas - Econometric Society - 2004

random matching model with endogenous heterogeneity. I analyze the efficiency properties of the equilibrium and find that in …

Persistent link: https://www.econbiz.de/10005328902

Agent Heterogeneity and Learning: An Application to Labor Markets

Woodcock, Simon D. - Econometric Society - 2004

I develop a matching model with heterogeneous workers, firms, and worker-firm matches, and apply it to longitudinal … truncated. I test predictions from the matching model using data from the Longitudinal Employer-Household Dynamics (LEHD … structures, including the martingale hypothesis implied by the learning process. I find considerable support for the matching …

Persistent link: https://www.econbiz.de/10005328946

Matching and Price Competition

Levin, Jonathan; Bulow, Jeremy - Econometric Society - 2004

We develop a model in which firms set their salary levels before matching with workers. Wages fall relative to any … recent antitrust case against the National Residency Matching Program in light of our results …

Persistent link: https://www.econbiz.de/10005328996

Optimal Job Design and Career Dynamics in the Presence of Uncertainty

Pastorino, Elena - Econometric Society - 2004

The paper studies a learning model in which information about a worker's ability can be acquired symmetrically by the worker and a firm in any period by observing the worker's performance on a given task. Productivity at different tasks is assumed to be differentially sensitive to a worker's...

Persistent link: https://www.econbiz.de/10005063711

A simple model of dynamic incentives and occupational choice with motivated agents

Rosa, Carlo - Econometric Society - 2004

People care not only about how much they are paid, but also about what they do. The aim of this paper is to investigate the interplay between an individual's personal motivation and the structure of dynamic incentive schemes. The optimal long-term contract involves not only transfers at each...

Persistent link: https://www.econbiz.de/10005699635

The Firm Size Effect: fact or artifact?

Ekberg, John; Salabasis, Mickael - Economics Institute for Research (SIR), … - 2001

The size-wage effect is well documented in the empirical literature, and typical attempts of explanation center on the supply side, using variations of the human capital approach, perhaps combined with institutional theories. With conclusive evidence of its source yet to emerge, an alternative...

Persistent link: https://www.econbiz.de/10005771159

Threat of Dismissal: Incentive or Sorting?

Kwon, Illoong - Econometric Society - 2004

Many people are fired from their jobs for poor performance. However, it is difficult to distinguish whether they are fired because they are not well suited for their job (sorting explanation) or because the firms are trying to provide incentives for effort (incentive explanation). This paper...

Persistent link: https://www.econbiz.de/10005130197

Labor Market Frictions, Job Insecurity, and the Flexibility of the Employment Relationship

Matouschek, Niko; Ramezzana, Paolo - Econometric Society - 2004

We analyze a search model of the labor market in which firms and workers meet bilaterally and negotiate over wages in the presence of private information. We show that a fall in labor market frictions induces more aggressive wage bargaining behavior which in turn leads to a costly increase in...

Persistent link: https://www.econbiz.de/10005130210

Monitoring and Pay: General results

Allgulin, Magnus - Economics Institute for Research (SIR), … - 1999

This paper considers the opitmal incentives for motivating a risk neutral, wealth constrained agent. In particular, monitoring and pay are shown to be complementary instruments under very general conditions, extending earlier results by Allgulin and Ellingsen (1998). The paper also proves that...

Persistent link: https://www.econbiz.de/10005423855

Consumption Commitments and Preferences for Risk

Samuelson, Larry; Postlewaite, Andrew - Econometric Society - 2004

levels that do not vary across states. For example, moral hazard and matching considerations may make it cheaper to produce …

Persistent link: https://www.econbiz.de/10005329019

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