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selection) in matching, instrumental variable and control functions methods. (2) It contrasts the roles of exclusion … restrictions in matching and selection models. (3) It characterizes the sensitivity of matching to the choice of conditioning …. (4) It demonstrates the problem of choosing the conditioning variables in matching and the failure of conventional model …
Persistent link: https://www.econbiz.de/10013311183
This paper introduces a labor force participation choice into a labor market matching model embedded in a dynamic …
Persistent link: https://www.econbiz.de/10013311899
We develop a model in which firms set impersonal salary levels before matching with workers.Salaries fall relative to … recent antitrust caseagainst the National Residency Matching Program in light of our results …
Persistent link: https://www.econbiz.de/10013311902
, residing in homogeneous geographic areas, to different formal institutions. Using both a matching-type and a spatial regression …
Persistent link: https://www.econbiz.de/10013224396
I explore the estimation of transferable utility matching games, encompassing many-to-many matching, marriage and … matching with trading networks (trades). I introduce a matching maximum score estimator that does not suffer from a … computational curse of dimensionality in the number of agents in a matching market. I apply the estimator to data on the car parts …
Persistent link: https://www.econbiz.de/10013232762
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/10013238710
We present a picture of the labor market, one with large flows of jobs and workers, and matching. We develop a … determination of wages. We estimate the matching function, using both aggregate data and data from manufacturing and find evidence … of a stable matching process in the data. We examine the joint movements in unemployment, vacancies and wages -the …
Persistent link: https://www.econbiz.de/10013243436
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/10013249235
employers, as measured by vacancies, are low. A model of matching frictions explains the qualitative responses of the labor …
Persistent link: https://www.econbiz.de/10013236792
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/10013015095