Showing 1 - 10 of 21
Persistent link: https://www.econbiz.de/10005090815
A matching model with labor/leisure choice and staggered bargaining is used to explain (i)differences in GDP per hour …
Persistent link: https://www.econbiz.de/10005027314
This paper explores wage-setting in the presence of asymmetric information. Firms know their own productivity, while workers only know the distribution of productivity in the economy. Although there is unemployment in equilibrium, the labor market is competitive in the sense of Moen (1997):...
Persistent link: https://www.econbiz.de/10005069473
We provide a matching model where identical workers are embedded in ex-ante identical social networks. Job arrival rate …
Persistent link: https://www.econbiz.de/10005051427
We provide a matching model where identical workers are embedded in ex- ante identical social networks. Job arrival … necessary induce stickiness in unemployment dynamics. Our endogenous matching technology shows that the effects of networks on … the dynamics mostly hinge on search externalities and not on the correlation between statuses. Our endogenous framework …
Persistent link: https://www.econbiz.de/10005408313
This paper provides a simple matching model in which unemployed workers and employers in large firms can be matched … together through social networks or through more "formal" methods of search. We show that networks do not necessarily add new …
Persistent link: https://www.econbiz.de/10005412695
We construct a bilateral search model of the housing market in which agents differ in their flow rewards while … rewards if they do not transact in the meantime. We characterize the equilibrium steady state matching pattern and compare … this to the constrained efficient matching pattern. We also characterize the joint distribution of price and time to sale …
Persistent link: https://www.econbiz.de/10004970343
We examine a simple bargaining setting, where heterogeneous buyers and sellers are repeatedly matched with each other. We begin by characterizing efficiency in such a dynamic setting, and discuss how it differs from efficiency in a centralized static setting. We then study the allocations which...
Persistent link: https://www.econbiz.de/10005062338
Based on administrative data from the federal employment office in Germany, we apply matching techniques to estimate …
Persistent link: https://www.econbiz.de/10005125736
first half of the paper, I present an equilibrium matching model where heterogeneous workers and firms learn about match … yields an assortative matching result that predicts a negative correlation between estimated person and firm effects, which … matching model implies a specific structure for the error covariance. I exploit this structure to test whether earnings …
Persistent link: https://www.econbiz.de/10005125778