Showing 1 - 10 of 42
We consider an omnibus test for the correct speci…cation of the dynamics of a sequence fx (t)gt2Zd in a lattice. As it …
Persistent link: https://www.econbiz.de/10011126051
Power law or generalized polynomial regressions with unknown real-valued exponents and coefficients, and weakly dependent errors, are considered for observations over time, space or space-time. Consistency and asymptotic normality of nonlinear least squares estimates of the parameters are...
Persistent link: https://www.econbiz.de/10011126136
negotiate asset ownership. This paper endogenizes the event sequence in a matching model of market equilibrium. Equilibria exist … in which, for strategic and efficiency reasons, agents invest in human capital and buy assets prior to matching and …
Persistent link: https://www.econbiz.de/10010884491
particular, this paper shows that when matching is assortative and sellers’ investments precede market competition then …
Persistent link: https://www.econbiz.de/10010928710
This paper tests whether aggregate matching is consistent with unemployment being mainly due to search frictions or due … to job queues. Using U.K. data and correcting for temporal aggregation bias, estimates of the random matching function … are consistent with previous work in this field, but random matching is formally rejected by the data. The data instead …
Persistent link: https://www.econbiz.de/10010928750
A dynamic labor matching economy is presented, in which the unemployed are either entitled to unemployment insurance …
Persistent link: https://www.econbiz.de/10010745099
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/10010745550
It is increasingly recognized that labour markets are pervasively imperfectly competitive, that there are rents to the employment relationship for both worker and employer. This chapter considers why it is sensible to think of labour markets as imperfectly competitive, reviews estimates on the...
Persistent link: https://www.econbiz.de/10010745736
We show in the framework of a new economic geography model that when labor is heterogenous and productivity depends on the quality of the match between job and worker, trade liberalization may lead to industrial agglomeration and inter-industry trade. The agglomeration force is the improvement...
Persistent link: https://www.econbiz.de/10010745739
We show in the context of a new economic geography model that when labor is heterogenous trade liberalization may lead to industrial agglomeration and inter-regional trade. Labor heterogeneity gives local monopoly power to firms but also introduces variations in the quality of the job match....
Persistent link: https://www.econbiz.de/10010746150