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Agent Heterogeneity and Learning: An Application to Labor Markets

Woodcock, Simon D. - Econometric Society - 2004

I develop a matching model with heterogeneous workers, firms, and worker-firm matches, and apply it to longitudinal … truncated. I test predictions from the matching model using data from the Longitudinal Employer-Household Dynamics (LEHD … structures, including the martingale hypothesis implied by the learning process. I find considerable support for the matching …

Persistent link: https://www.econbiz.de/10005328946

The thick market effect of local unemployment rate fluctuation

Zhang, Qinghua; Gan, Li - Econometric Society - 2004

are available, the matching probability between jobs and workers is higher. Workers incur search cost if they actively … search for for jobs. A higher matching probability makes searching for jobs more desirable. Unemployed workers accumulate in …

Persistent link: https://www.econbiz.de/10005328991

The Harris-Todaro Labor Allocation Mechanism as an Evolutionary Game

Silveira, Jaylson Jair da; Sanson, Joao Rogerio - Econometric Society - 2004

The Harris-Todaro model is reinterpreted under an evolutionary game approach, including the behavior of migrants under bounded rationality in a process of imitation or learning. A first feature is an improvement upon Harris-Todaro by replacing the sign-preserving function of the adjustment...

Persistent link: https://www.econbiz.de/10005699584

Counteroffers: When Will They Occur?

Barron, John; Berger, Mark - Econometric Society - 2004

In employment agreements, alternatives arise over time for either party that threaten the survival of the particular match between the worker and the firm. This paper focuses on one side of this issue, namely the optimal response by an employer to a threatened unilateral termination of an...

Persistent link: https://www.econbiz.de/10005699683

Joint estimation of sequential labor force participation and fertility decisions using Markov chain Monte Carlo techniques

Buddelmeyer, Hielke; Troske, Kenneth - Econometric Society - 2004

Three basic mechanisms are behind the statistical relationship between fertility decisions and labor force participation decisions. 1) Causal direct effect: the time spent in child-care reduces the labor market effort leading to a temporary drop in post-birth labor force participation. 2) Causal...

Persistent link: https://www.econbiz.de/10005328989

Choice of Training Technology in Imperfect Labour Markets

Bose, Gautam - Econometric Society - 2004

Many firms provide training to newly recruited employees in order to improve their productivity. This occurs in spite of the fact that the skills acquired by the workers are valuable in competing establishments, which may make offers to those workers and bid them away. Recent research suggests...

Persistent link: https://www.econbiz.de/10005170369

Double-Holdups in a Matching Model with Search Frictions and Endogenous Heterogeneity

Navarro, Lucas - Econometric Society - 2004

random matching model with endogenous heterogeneity. I analyze the efficiency properties of the equilibrium and find that in …

Persistent link: https://www.econbiz.de/10005328902

Matching and Price Competition

Levin, Jonathan; Bulow, Jeremy - Econometric Society - 2004

We develop a model in which firms set their salary levels before matching with workers. Wages fall relative to any … recent antitrust case against the National Residency Matching Program in light of our results …

Persistent link: https://www.econbiz.de/10005328996

Duopolistic Competition between Independent and Collaborative Business-to-Business Marketplaces

Suelzle, Kai - Econometric Society - 2004

-to-business matching market with indirect network externalities. The intermediaries differ with regard to their ownership structure: an …

Persistent link: https://www.econbiz.de/10005342163

EVALUATING THE PERFORMANCE OF NON-EXPERIMENTAL ESTIMATORS: EVIDENCE FROM A RANDOMIZED UI PROGRAM

Galdo, Jose - Econometric Society - 2004

of regression functions and matching estimators based on kernel methods with mixed categorical and continuous data. A …-neighbor matching on kernel-based propensity score with mixed categorical and continuous data produces a closer approximation to the …

Persistent link: https://www.econbiz.de/10005699626