Showing 1 - 10 of 446
Using data from South Asia, this paper examines how arranged marriage cultivates rivalry among sisters. During marriage … search, parents with multiple daughters reduce the reservation quality for an older daughter's groom, rushing her marriage to …'s marriage risk; relative to younger singleton sisters, younger twin sisters have the same effect. These effects intensify in …
Persistent link: https://www.econbiz.de/10012460344
Unemployment arises from frictions in the matching of job-seekers and employers. The level of resources that employers …
Persistent link: https://www.econbiz.de/10012467499
This paper examines nonsequential search when jobs vary with respect to nonpecuniary characteristics. In the presence of frictions in the labor market, the equilibrium job distribution need not show evidence of compensating wage differentials. The model also generates several pervasive features...
Persistent link: https://www.econbiz.de/10012468786
the matching-function approach) that are common in search-based models of financial markets, monetary theory, and labor … mutation, random matching with match-induced type changes, and with the potential for enduring partnerships that may have …
Persistent link: https://www.econbiz.de/10012456939
What is the driving force behind the cyclical behavior of unemployment and vacancies? What is the relation between job-creation incentives of firms and stock market valuations? We answer these questions in a model with time-varying risk, modeled as a small and variable probability of an economic...
Persistent link: https://www.econbiz.de/10012457094
We use an estimated monetary business cycle model with search and matching frictions in the labor market and nominal … factors and reduced efficiency in labor market matching were largely responsible for the experience in the U.S. Financial … factors were also important in the U.K., but less so in Sweden and Germany. Reduced matching efficiency was considerably less …
Persistent link: https://www.econbiz.de/10012460226
We set-up a real business cycle model with search and matching frictions driven by several shocks, which nests full … probabilities observed in US, with mixed success in Europe. In contrast, matching shocks and job destruction shocks play a larger …
Persistent link: https://www.econbiz.de/10012461229
We calculate equilibria of dynamic double-auction markets in which agents are distinguished by their preferences and information. Over time, agents are privately informed by bids and offers. Investors are segmented into groups that differ with respect to characteristics determining information...
Persistent link: https://www.econbiz.de/10012461362
facts can be explained by a search and matching model when firms are heterogenous with respect to productivity, are composed …
Persistent link: https://www.econbiz.de/10012463616
We study a simple model of a decentralized market game in which firms make directed offers to workers. We focus on markets in which agents have aligned preferences. When agents have complete information or when there are no frictions in the economy, there exists an equilibrium that yields the...
Persistent link: https://www.econbiz.de/10012463807