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Eeckhout, Jan; Kircher, Philipp - London School of Economics (LSE) - 2011

Assortative Matching between workers and firms provides evidence of the complementarities or substitutes in production … Assortative Matching is positive or negative. Even though we cannot identify the sign of the sorting, we can identify the strength …

Persistent link: https://www.econbiz.de/10010746670

The property-rights theory of the firm with endogenous timing of asset purchase

de Meza, David; Lockwood, Ben - London School of Economics (LSE) - 1998

negotiate asset ownership. This paper endogenizes the event sequence in a matching model of market equilibrium. Equilibria exist … in which, for strategic and efficiency reasons, agents invest in human capital and buy assets prior to matching and …

Persistent link: https://www.econbiz.de/10010884491

Does competition solve the hold-up problem?

Felli, Leonardo; Roberts, Kevin - London School of Economics (LSE) - 2001

particular, this paper shows that when matching is assortative and sellers’ investments precede market competition then …

Persistent link: https://www.econbiz.de/10010928710

Comparative advantage and economic geography : estimating the determinants of industrial location in the EU

Midelfart-Knarvik, Karen Helene; Overman, Henry G.; … - London School of Economics (LSE) - 2001

We develop and econometrically estimate a model of the location of industries across countries. The model combines factor endowments and geographical considerations, and shows how industry and country characteristics interact to determine the location of production. We estimate the model on...

Persistent link: https://www.econbiz.de/10010745001

The promise of workplace training for non-college bound youth: theory and evidence from German apprenticeship

Clark, Damon; Fahr, Rene - London School of Economics (LSE) - 2002

matching is important, we derive conditions under which firms provide `optimal'' training packages. Since the German system …

Persistent link: https://www.econbiz.de/10010744921

Employment trajectories for mothers in low-skilled work: evidence from the British lone parent cohort

Stewart, Kitty - London School of Economics (LSE) - 2007

UK government policy encourages mothers of young children in low-income families to enter or return to work, via tax credit subsidies and support for childcare. Maternal employment is seen a central plank in the campaign against child poverty, both because it raises income immediately and...

Persistent link: https://www.econbiz.de/10010744941

Labor market institutions, wages and investment

Pischke, Jorn-Steffen - London School of Economics (LSE) - 2004

Labor market institutions, via their effect on the wage structure, affect the investment decisions of firms in labor markets with frictions. This observation helps explain rising wage inequality in the US, but a relatively stable wage structure in Europe in the 1980s. These different trends are...

Persistent link: https://www.econbiz.de/10010884716

A question of degree: the effects of degree class on labor market outcomes

Feng, Andy; Graetz, Georg - London School of Economics (LSE) - 2013

In this paper we estimate the sorting effects of university degree class on initial labor market outcomes using a regression discontinuity design that exploits institutional rules governing the award of degrees. Consistent with anecdotal evidence, we find sizeable and significant effects for...

Persistent link: https://www.econbiz.de/10010745115

Educational returns, ability composition and cohort effects: theory and evidence for cohorts of early-career UK graduates

Ireland, Norman; Naylor, Robin A.; Smith, Jeremy; … - London School of Economics (LSE) - 2009

An increase over time in the proportion of young people obtaining a degree is likely to impact on the relative ability compositions (i) of graduates and non-graduates and (ii) across graduates with different classes of degree award. In a signalling framework, we examine the implications of this...

Persistent link: https://www.econbiz.de/10010745232

Over-education and the skills of UK graduates

Chevalier, Arnaud; Lindley, Joanne - London School of Economics (LSE) - 2007

investigates the effect of the expansion on early labour market attainment, focusing on over-education. We define over-education by … over-education wage penalties have remained stable. This suggests that the labour market accommodated most of the large … over-education increases unemployment by three months but has no impact of the number of jobs held. Individual unobserved …

Persistent link: https://www.econbiz.de/10010745327