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This paper examines the competitive search equilibrium when the workers' effort choice and type are private information …. We derive a modified Hosios rule determining the allocation of resources and analyze how private information influences … the responsiveness of the unemployment rate to changes in macroeconomic variables. Most importantly, private information …
Persistent link: https://www.econbiz.de/10014060646
local and then a global strategy for matching male and female clients and then we compute the expected total cost to a …. Finally, we provide an upper bound on the probability that the number of matching successes is at least 1+theta times the mean …
Persistent link: https://www.econbiz.de/10014069930
In a reasonably calibrated Mortensen and Pissarides matching model, shocks to average labor productivity can account …
Persistent link: https://www.econbiz.de/10012706057
Using matched employer-employee-contract data for Portugal - a country with near-universal union coverage - we find evidence of a sizable effect of union affiliation on wages. Gelbach's (2016) decomposition procedure is next deployed to ascertain the contributions of worker, firm, match, and...
Persistent link: https://www.econbiz.de/10011941280
and search-matching models. For that, we study a policy that consists in decreasing the urban unemployment benefit. In an … efficiency wage model, we find that there is no Todaro paradox while this is not always true in a search-matching model since a …
Persistent link: https://www.econbiz.de/10012784075
We propose a spatial search-matching model where both job creation and job destruction are endogenous. Workers are ex …
Persistent link: https://www.econbiz.de/10013317149
Persistent link: https://www.econbiz.de/10013268895
We present sufficient conditions for monotone matching in environments where utility is not fully transferable between … study some models of risk sharing and incentive problems, deriving new results for predicted matching patterns in those …
Persistent link: https://www.econbiz.de/10014171393
propose a parsimonious search and matching model with two sided heterogeneity, where the choice of wage-setting protocol …, wages, search intensity, and degree of randomness in matching are endogenous. We find that posting and bargaining coexist as …
Persistent link: https://www.econbiz.de/10014091151
characterization has been made when matching is parameterized by a Cobb--Douglas technology. For a canonical DMP model, I (1 …) characterize responses of unemployment to productivity changes for a general matching technology; and (3) show how a matching …
Persistent link: https://www.econbiz.de/10014348607