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When workers send applications to vacancies they create a bipartite network. Coordination frictions arise if workers and firms only observe their own links. We show that those frictions and the wage mechanism are in general not independent. Only wage mechanisms that allow for ex post competition...
Persistent link: https://www.econbiz.de/10010343782
This paper studies match formation and dissolution in frictional marriage markets under labor market uncertainty. We propose a search model with transferable utility in which ex-ante heterogeneous men and women simultaneously search for partners in the marriage market and switch between...
Persistent link: https://www.econbiz.de/10012304704