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Preference Signaling in Matching Markets
Coles, Peter A. - 2010
on this information. In this paper we study how a signaling mechanism, where each worker can send a signal of interest to … ready to provide information about their preferences for particular employers, and employers value and are prepared to act … one employer, facilitates matches in such markets. We find that introducing a signaling mechanism increases the welfare of …
Persistent link: https://www.econbiz.de/10013141266
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Equity market information and credit risk signaling : a quantile cointegrating regression approach
Gatfaoui, Hayette - In: Economic modelling 64 (2017), pp. 48-59
Persistent link: https://www.econbiz.de/10011756467
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Portfolio selection with narrow framing : probability weighting matters
De Giorgi, Enrico; Legg, Shane - 2009 - This version: June 9, 2009
This paper shows that the framework proposed by Barberis and Huang (2009) to incorporate narrow framing and loss aversion into dynamic models of portfolio choice and asset pricing can be extended to also account for probability weighting and for a value function that is convex on losses and...
Persistent link: https://www.econbiz.de/10003970464
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Expansion and welfare in microfinance : a screening model
Lahkar, Ratul; Pingali, Viswanath - In: Economic modelling 53 (2016), pp. 1-7
Persistent link: https://www.econbiz.de/10011640795
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Mismatch, Sorting and Wage Dynamics
Lise, Jeremy - 2013
We develop an empirical search-matching model which is suitable for analyzing the wage, employment and welfare impact … wage determination and employment which extends the current literature on equilibrium wage determination with matching and … of assortative matching between workers and jobs due to complementarities between worker and job characteristics. We use …
Persistent link: https://www.econbiz.de/10013088394
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Labor-Market Matching with Precautionary Savings and Aggregate Fluctuations
Krusell, Per - 2009
matching function. Wages are determined through Nash bargaining. We also consider aggregate productivity shocks, and a complete …
Persistent link: https://www.econbiz.de/10013156859
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The Welfare Effects of Coordinated Assignment : Evidence from the NYC HS Match
Abdulkadiroglu, Atila - 2015
Coordinated single-offer school assignment systems are a popular education reform. We show that uncoordinated offers in NYC's school assignment mechanism generated mismatches. One-third of applicants were unassigned after the main round and later administratively placed at less desirable...
Persistent link: https://www.econbiz.de/10013025251
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Optimal incentives and securitization of defaultable assets
Malamud, Semyon; Rui, Huaxia; Whinston, Andrew B. - 2011
We study optimal securitization of defaultable assets in a continuous time setting. A financial intermediary can create a portfolio of defaultable assets and then sell it to outside investors. The default risk of the assets in the portfolio is determined by the unobservable costly effort exerted...
Persistent link: https://www.econbiz.de/10009375121
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A tangled tale of training and talent : PhDs in institutional asset management
Chaudhuri, Ranadeb; Ivković, Zoran; Pollet, Joshua M.; … - In: Management science : journal of the Institute for … 66 (2020) 12, pp. 5623-5647
Persistent link: https://www.econbiz.de/10012391403
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Estimating the Social Return to Higher Education : Evidence from Longitudinal and Repeated Cross-Sectional Data
Moretti, Enrico - 2021
Economists have speculated for at least a century that the social return to education may exceed the private return. In this paper, I estimate spillovers from college education by comparing wages for otherwise similar individuals who work in cities with different shares of college graduates in...
Persistent link: https://www.econbiz.de/10013226981