Efficiency in a Search and Matching Model with Endogenous Participation

We show that in a search/matching model with endogenous participation in which workers are heterogeneous with respect to market productivity, satisfying the Hosios rule leads to excessive vacancy creation. The reason is that the marginal worker does not internalize the effect of his or her participation on average productivity

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Year of publication:	[2009]
Authors:	Albrecht, James
Other Persons:	Navarro, Lucas (contributor) ; Vroman, Susan (contributor)
Publisher:	[2009]: [S.l.] : SSRN
Subject:	Suchtheorie \| Search theory \| Arbeitsuche \| Job search \| Arbeitsangebot \| Labour supply \| Arbeitsproduktivität \| Labour productivity \| Offene Stellen \| Job vacancies

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Extent:	1 Online-Ressource (8 p)
Series:	IZA Discussion Paper ; No. 4097
Type of publication:	Book / Working Paper
Language:	English
Other identifiers:	10.2139/ssrn.1373331 [DOI]
Classification:	D8 - Information and Uncertainty ; J6 - Mobility, Unemployment, and Vacancies
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012764072