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Age Discrimination Laws and Labor Market Efficiency
Neumark, David - 1997
In Lazear's (1979) model of efficient long-term incentive contracts, employers impose involuntary retirement based on age. This model implies that age discrimination laws, which bar involuntary terminations based on age, discourage the use of such contracts and reduce efficiency. Alternatively,...
Persistent link: https://www.econbiz.de/10012472726
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Identification and Efficiency Bounds for the Average Match Function under Conditionally Exogenous Matching
Graham, Bryan S. - 2016
. Consider the following matching mechanism: take a random draw from the `W=w_j` subgroup of the first population and match her … function (AMF), denote the expected output associated with this match. We show that (i) the AMF is identified when matching is … conditionally exogenous, (ii) conditionally exogenous matching is compatible with a pairwise stable aggregate matching equilibrium …
Persistent link: https://www.econbiz.de/10012456576
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Preference Signaling in Matching Markets
Coles, Peter - 2010
Many labor markets share three stylized facts: employers cannot give full attention to all candidates, candidates are ready to provide information about their preferences for particular employers, and employers value and are prepared to act on this information. In this paper we study how a...
Persistent link: https://www.econbiz.de/10012462472
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Matching with Couples : Stability and Incentives in Large Markets
Kojima, Fuhito - 2010
doctors and psychologists, because couples view pairs of jobs as complements. A stable matching may not exist when couples are … present. We find conditions under which a stable matching exists with high probability in large markets. We present a … mechanism that finds a stable matching with high probability, and which makes truth-telling by all participants an approximate …
Persistent link: https://www.econbiz.de/10012462624
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A Formal Test of Assortative Matching in the Labor Market
Abowd, John M. - 2009
We estimate a structural model of job assignment in the presence of coordination frictions due to Shimer (2005). The coordination friction model places restrictions on the joint distribution of worker and firm effects from a linear decomposition of log labor earnings. These restrictions permit...
Persistent link: https://www.econbiz.de/10012463103
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Heterogeneity and Cyclical Unemployment
Bils, Mark - 2009
We model worker heterogeneity in the rents from being employed in a Diamond-Mortensen-Pissarides model of matching and …
Persistent link: https://www.econbiz.de/10012463483
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Median Stable Matching
Schwarz, Michael - 2009
We define the median stable matching for two-sided matching markets with side payments and prove constructively that it …
Persistent link: https://www.econbiz.de/10012463958
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Labor Market Fluctuations in the Small and in the Large
Rogerson, Richard - 2008
Shimer's calibrated version of the Mortensen-Pissarides model generates unemployment fluctuates much smaller than the data. Hagedorn and Manovskii present an alternative calibration that yields fluctuations consistent with the data, but this has been challenged by Costain and Reiter, who say it...
Persistent link: https://www.econbiz.de/10012464775
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Unraveling Reduces the Scope of an Entry Level Labor Market : Gastroenterology With and Without a Centralized Match
Niederle, Muriel - 2001
From 1986 through 1997 the entry-level market for American gastroenterologists was organized by a centralized clearinghouse. Before, and since, it has been conducted via a decentralized market in which appointment dates have unraveled to well over a year before the start of employment. The...
Persistent link: https://www.econbiz.de/10012470100
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Reference-Dependence and Labor-Market Fluctuations
Eliaz, Kfir - 2013
We incorporate reference-dependent worker behavior into a search-matching model of the labor market, in which firms …
Persistent link: https://www.econbiz.de/10012459576