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This paper proposes and solves a search unemployment model in which job separation requires mandatory notice. When jobs are subject to idiosyncratic uncertainty, firms would issue advance notice even with good business conditions. We show that such precautionary policy is not pursued if it...
Persistent link: https://www.econbiz.de/10005497907
Economic decisions such as occupational and entrepreneurial choices may violate true comparative advantage when economic agents are uncertain about which activity best matches their talents. If relative performance varies over the business cycle (for instance, if downturns affect...
Persistent link: https://www.econbiz.de/10005504434
Reduced-form tests of scale effects in markets with search, run when aggregate matching functions are estimated, may …
Persistent link: https://www.econbiz.de/10005504450
. We sketch the theoretical framework of matching estimators as a substitute for randomization in labor market programs …-in-differences matching estimator of treatment effects. Treatment and control groups are matched over individual observable characteristics …
Persistent link: https://www.econbiz.de/10005504530
underlying theory is the search and matching model, with workers and firms engaging in costly search leading to random matching … from it, generated by matching. …
Persistent link: https://www.econbiz.de/10005504624
This Paper proposes and develops a dynamic matching model à la Mortensen and Pissarides (1994, 1999a, 1999b) where …
Persistent link: https://www.econbiz.de/10005504777
This paper surveys recent work in equilibrium models of labor markets characterized by search and recruitment frictions and by the need to reallocate workers across productive activities. The duration of unemployment and jobs and wage determination are treated as endogenous outcomes of job...
Persistent link: https://www.econbiz.de/10005497772
the role of one of the main contenders: the matching of workers and jobs. Using individual level data for two large US … states we show that thicker urban labour markets are associated with more assortative matching between workers and firms … our data. Putting together the production and matching relationships, we show that production complementarity and …
Persistent link: https://www.econbiz.de/10005497954
The paper offers a new theoretical framework to examine the role of intermediaries between creators and users of new inventions. We find that uncertainty about the profitability of investing in new inventions generates a basis for intermediation. An intermediary may provide an opportunity to...
Persistent link: https://www.econbiz.de/10005498006
productivity and efficiency via its impact on sorting and matching in the labor market. Some of the most recent contributions also …
Persistent link: https://www.econbiz.de/10011083458