We introduce a solution concept for dynamic one-sided matching models, called the Dynamic Core. The Dynamic Core is defined for a general class of dynamic markets where agents and objects arrive over time, and objects can be privately or collectively owned. We prove that the Dynamic Core is not...

In this paper we systematically evaluate the impact of using the alternative methods conventionally used in the international literature on the measured incidence of educational mismatch and its earnings effects. We use a rich Australian longitudinal data set for a controlled group of full-time...

This study explores how the COVID-19 pandemic deteriorated the mismatch in the Japanese labor market. We first focus on differences in job flows and reservation wages by occupation and employment type, which differ according to the risk of infection. We next estimate the mismatch indices for...

This paper uses linked Swiss administrative and survey data to examine the relationship between educational mismatch in the labour market and emigration decisions, carrying out the analysis for both Swiss native and previous immigrant workers. In turn, migrants' decisions separate returning home...

Despite Gordon Tullock’s famous effort to motivate researchers to quantify investments in rent seeking, the empirical measurement of rent-seeking activity remains under-studied. This paper proposes a new estimate of rent seeking by comparing the industrial composition of MSAs that contain a...

The vast majority of 401(k) plan participants want access to investments that match their personal values yet a small fraction of plans offer those types of investments. The culprit for the existing misalignment has been unstable regulation that has discouraged plan fiduciaries from including...

We study a discrete-time dynamic multi-way matching model. There are finitely many agent types that arrive stochastically and wait to be matched. State-of-the-art dynamic matching policies in the literature require the knowledge of all system parameters to determine an optimal basis of the fluid...

This article examines the intertwining relationship between informality and education-occupation mismatch (EOM) and the consequent impact on the workers' wages. In particular, we discuss two issues - first, the relative importance of informality and education-occupation mismatch in determining...