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 …

make investments before matching in a competitive market. We introduce the notion of premune-ation values—the values to the …

The matching of likes is a frequently observed phenomenon. However, for such assortative matching to arise in a search … can generate even perfect assortative matching under weak conditions: supermodularity of the match production function is …

increasing in h, where h is worker skill and p is firm productivity). In this sense, the positive assortative matching result in … Becker (1973) is shown to generalize to this paper's search friction setting. However, the positive assortative matching …

search-matching models of the labor market. This 'intertemporal surplus sharing' (ISS) solution is usually defended as the … argue that such extreme assumptions on the risk of breakdown during disagreement are unattractive in the context of a search-matching …

When is the level of entry of buyers or sellers efficient in markets with search and matching frictions? This paper … generalizes the well-known Hosios condition for constrained efficiency to a wide range of dynamic search and matching environments …: entry is constrained efficient when buyers' surplus share equals the matching elasticity plus the surplus elasticity (i …

labor market matching function. In theory, higher mismatch lowers matching efficiency which increases the risk that the … findings can be improved by a mismatch-enhanced labor market matching function. For this purpose, we construct so … der Prognosegüte der Matching-Funktion. Theoretisch sinkt die Matchingeffizienz mit höherem Mismatch, wodurch das Risiko …

The matching of likes is a frequently observed phenomenon. However, for such assortative matching to arise in a search … can generate even perfect assortative matching under weak conditions: supermodularity of the match production function is … the model achieves nearly unconstrained efficiency despite frictions. -- Assortative matching ; sorting ; search ; signals …

We prove existence of steady-state equilibrium in a class of matching models with search frictions. …