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An incentive theory of matching
Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - In: Macroeconomic dynamics 19 (2015) 3, pp. 643-668
Persistent link: https://www.econbiz.de/10011308626
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An incentive theory of matching
Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - 2009
This paper presents a theory explaining the labor market matching process through microeconomic incentives. There are … quit decisions. This approach obviates the need for a matching function. On this theoretical basis, we argue that the … matching function is vulnerable to the Lucas critique. Our calibrated model for the U.S. economy can account for important …
Persistent link: https://www.econbiz.de/10003827234
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An incentive theory of matching
Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - 2009
This paper presents a theory explaining the labor market matching process through microeconomic incentives. There are … quit decisions. This approach obviates the need for a matching function. On this theoretical basis, we argue that the … matching function is vulnerable to the Lucas critique. Our calibrated model for the U.S. economy can account for important …
Persistent link: https://www.econbiz.de/10003832116
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An incentive theory of matching
Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - 2010 - [This version]: May 2010
Persistent link: https://www.econbiz.de/10008908097
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Matching with contracts
Hatfield, John William; Milgrom, Paul - In: The American economic review 95 (2005) 4, pp. 913-935
Persistent link: https://www.econbiz.de/10003198970
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An incentive theory of matching
Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - 2009
Persistent link: https://www.econbiz.de/10003848271
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Wage cyclicalities and labor market dynamics at the establishment level : theory and evidence
Merkl, Christian; Stüber, Heiko - 2016
This paper analyzes the effects of different wage cyclicalities on labor market flow dynamics at the establishment level. We derive a model that allows for heterogeneous wage cyclicalities across firms over the business cycle and confront the theoretical results with the new AWFP dataset, which...
Persistent link: https://www.econbiz.de/10011574241