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, but incomplete specialization in marriage. It also captures well-known matching patterns in each of these sectors …This paper presents a tractable framework for studying frictionless matching in school, work, and marriage when … communicate and coordinate at lower resource cost. The theory delivers full task specialization in the labor and education markets …
Persistent link: https://www.econbiz.de/10010282273
Are labor markets in higher-income countries more meritocratic, in the sense that worker-job matching is based on … the role of worker-job matching in development accounting, we build an equilibrium matching model that allows for cross … determine match feasibility; (ii) technology, which determines the returns to matching; and (iii) idiosyncratic matching …
Persistent link: https://www.econbiz.de/10014533817
based on grades received at school. It is examined how this matching is affected if good grades are granted to some low …
Persistent link: https://www.econbiz.de/10010298081
We examine the direct impact of idiosyncratic match quality on entry wages and job mobility using unique data on worker talents matched to job-indicators and individual wages. Tenured workers are clustered in jobs with high job-specific returns to their types of talents. We therefore measure...
Persistent link: https://www.econbiz.de/10011420760
We examine the direct impact of idiosyncratic match quality on entry wages and job mobility using unique data on worker talents matched to job-indicators and individual wages. Tenured workers are clustered in jobs with high job-specific returns to their types of talents. We therefore measure...
Persistent link: https://www.econbiz.de/10011440153
We incorporate externalities into the stable matching theory of two-sided markets. Extending the classical substitutes …. We show that substitutability is a necessary condition for the existence of a stable matching in a maximal-domain sense … and provide a characterization of substitutable choice functions. In addition, we extend the standard insights of matching …
Persistent link: https://www.econbiz.de/10012588491
make investments before matching in a competitive market. We introduce the notion of premuneration values—the values to the …
Persistent link: https://www.econbiz.de/10011599491
We propose a model of "trade" between high income and low-income groups where the rich being scared of the spread of infection hires the poor to engage them in exposure-intensive outdoor activities as workers in the household industry. People who endure hardships and sustain exposure to...
Persistent link: https://www.econbiz.de/10013177603
We argue that using wage data alone, it is virtually impossible to identify whether Assortative Matching between worker … and firm types is positive or negative. In standard competitive matching models the wages are determined by the marginal …
Persistent link: https://www.econbiz.de/10010269035
matching market based on the observation of equilibrium matches and wages. The estimation procedure simultaneously fits both … the matching patterns and the wage curve. Our estimator is suited for applications to a wide range of assignment problems. …
Persistent link: https://www.econbiz.de/10011744612