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Boerma, Job; Tsyvinski, Aleh; Wang, Ruodu; Zhang, Zhenyuan - National Bureau of Economic Research - 2023

We propose a new sorting framework: composite sorting. Composite sorting comprises of (1) distinct worker types assigned to the same occupation, and (2) a given worker type simultaneously being part of both positive and negative sorting. Composite sorting arises when fixed investments mitigate...

Persistent link: https://www.econbiz.de/10014372413

Identifying Equilibrium Models of Labor Market Sorting

Hagedorn, Marcus - 2012

matching between employers and employees based on their unobserved characteristics. This paper enables this line of research … particular, these data are sufficient to assess whether matching between workers and firms is assortative, whether sorting is …

Persistent link: https://www.econbiz.de/10012459999

Minimally Altruistic Wages and Unemployment in a Matching Model

Rotemberg, Julio J. - 2008

This paper presents a model in which firms recruit both unemployed and employed workers by posting vacancies. Firms act monopsonistically and set wages to retain their existing workers as well as to attract new ones. The model differs from Burdett and Mortensen (1998) in that its assumptions...

Persistent link: https://www.econbiz.de/10012464892

Cross Sectional Efficiency and Labor Hoarding in an Matching Model of Unemployment

Bertola, Giuseppe - 1993

We study positive and normative aspects of steady-state equilibrium in a market where firms of endogenous size experience idiosyncratic shocks and undergo a costly search process to hire their workers. The stylized model we propose highlights interactions between job-security provisions and...

Persistent link: https://www.econbiz.de/10012474474

Disaggregating the Matching Function

Diamond, Peter A. - 2016

The aggregate matching (hiring) function relates gross hires to labor market tightness. Decompositions of aggregate …

Persistent link: https://www.econbiz.de/10012455715

Modeling Migration-Induced Unemployment

Michaillat, Pascal - National Bureau of Economic Research - 2024

neoclassical model and the Diamond-Mortensen-Pissarides matching model, inherently assume that immigrants are absorbed into the … blends a matching framework with job rationing. In it, the arrival of new workers can raise the unemployment rate among local …

Persistent link: https://www.econbiz.de/10015094889

An Empirical Framework For Matching With Imperfect Competition

Chan, Mons; Kroft, Kory; Mattana, Elena; Mourifié, Ismael - National Bureau of Economic Research - 2024

This paper builds, identifies and estimates a model of the labor market that features strategic interactions in wage setting and two-sided heterogeneity in order to shed light on the sources of wage inequality. We provide a tractable characterization of the model equilibrium and demonstrate its...

Persistent link: https://www.econbiz.de/10014544771

An Experimental Evaluation of Deferred Acceptance : Evidence from Over 100 Army Officer Labor Markets

Davis, Jonathan; Greenberg, Kyle; Jones, Damon - National Bureau of Economic Research - 2023

We present evidence from a randomized trial of the impact of matching workers to jobs using the deferred acceptance (DA … jobs are partitioned into over 100 distinct markets, our unit of randomization. Matching with DA reduced officers … attrition by the end of their second year. Matching with DA had precise zero effects on performance evaluations and promotions …

Persistent link: https://www.econbiz.de/10014337845

Fair Pricing

Rotemberg, Julio J. - 2004

I suppose that consumers see a firm as fair if they cannot reject the hypothesis that the firm is somewhat benevolent towards them. Consumers that can reject this hypothesis become angry, which is costly to the firm. I show that firms that wish to avoid this anger will keep their prices rigid...

Persistent link: https://www.econbiz.de/10012467772

Fairness Versus Welfare : Notes on the Pareto Principle, Preferences, and Distributive Justice

Kaplow, Louis - 2003

In Fairness versus Welfare, we advance the thesis that social policies should be assessed based entirely on their effects on individuals' well-being. This thesis implies that no independent weight should be accorded to notions of fairness (other than many purely distributive notions). We support...

Persistent link: https://www.econbiz.de/10012469076