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This note introduces a maximum likelihood estimator of the value of job amenities and labor productivity in a single 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...
Persistent link: https://www.econbiz.de/10011704355
In this paper, we address the problem of estimating transport surplus (a.k.a. matching affinity) in high dimensional optimal transport problems. Classical optimal transport theory species the matching affinity and determines the optimal joint distribution. In contrast, we study the inverse...
Persistent link: https://www.econbiz.de/10011595877
Persistent link: https://www.econbiz.de/10011853194
This paper introduces a maximum likelihood estimator of the value of job amenities and labor productivity in a single matching market based on the observation of equilibrium matches and wages. The estimation procedure simultaneously fits both the matching patterns and the wage curve. While our...
Persistent link: https://www.econbiz.de/10012807745
Persistent link: https://www.econbiz.de/10001808387
Persistent link: https://www.econbiz.de/10002919895
This note investigates the extent to which structural estimates of marital surplus are informative about subjective well-being and separation. We first estimate the marital surplus using a simple matching model of the marriage market with perfectly transferable utility and heterogeneity in...
Persistent link: https://www.econbiz.de/10012911767
This note investigates the extent to which structural estimates of marital surplus are informative about subjective well-being and separation. We first estimate the marital surplus using a simple matching model of the marriage market with perfectly transferable utility and heterogeneity in...
Persistent link: https://www.econbiz.de/10012910735
In this paper, we estimate the demand for workers by sector and occupation using system dynamic OLS techniques to account for the employment dynamics dependence across occupations and sectors of industry. The short run dynamics are decomposed into intra and intersectoral dynamics. We find that...
Persistent link: https://www.econbiz.de/10013155567
The recent digital revolution has significantly broadened the scope of IT-related tasks in most occupations in the labor market. In this paper, we document these changes, we propose a novel conceptual framework for thinking about the effect of technological change that incorporates the changing...
Persistent link: https://www.econbiz.de/10015158075