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When workers send applications to vacancies they create a network. Frictions arise because workers typically do not know where other workers apply to and firms do not know which candidates other firms consider. The first coordination friction affects network formation, while the second...
Persistent link: https://www.econbiz.de/10009225759
employees over time. Contrary to the model without employer learning, we find that the Intuitive Criterion does not always … uncertain about their productivity, the separating level of education is ambiguously related to the speed of employer learning. …
Persistent link: https://www.econbiz.de/10005822317
We study the steady state of an overlapping generations economy where singles search for spouses. In our model economy … free parameters: the search friction and the utility share of bearing children. We choose their values to match the median …
Persistent link: https://www.econbiz.de/10005763512
information about the return to transactions with particular agents. In a search framework, signaling supports not simply a …
Persistent link: https://www.econbiz.de/10005763844
It is commonly observed that over time and across societies, women tend to marry older men. The traditional explanation for this phenomenon is that wages increase with age and hence older men are more attractive in the marriage market. This explanation, however, involves an implicit assumption...
Persistent link: https://www.econbiz.de/10005762247
Standard search theory assumes that individuals know, with certainty, how they compare to competing searchers in terms … for search behavior. We test our hypotheses in a laboratory experiment. The first main finding is that people are … based on search outcomes. Self-confidence increases or decreases in the right direction, but is less sensitive to new …
Persistent link: https://www.econbiz.de/10005762322
first result shows that the economy always generates the right number of jobs. However, with random search firms under …-invest in capital due to a hold-up problem. In contrast, if workers can direct their search to firms with different capital …
Persistent link: https://www.econbiz.de/10005703500
equilibrium search model of the labor market with an endogenous number of contacts between workers and firms. Workers contact … estimated parameter values welfare is improved if unemployed workers increase their search intensity. …
Persistent link: https://www.econbiz.de/10008805621
I develop an equilibrium, two-sided search model of marriage with endogenous population growth to study the interaction …
Persistent link: https://www.econbiz.de/10008682247
understand better how subjects with different cognitive abilities learn differently, we estimate a structural model of learning … ability to that of character skills, and find that both cognition and personality affect behavior and learning. More agreeable …
Persistent link: https://www.econbiz.de/10010886141