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I study a many-to-many, two-sided, transferable-utility matching game. Consider data on matches or relationships …
Persistent link: https://www.econbiz.de/10013152436
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/10013152592
Propensity score matching estimators (Rosenbaum and Rubin, 1983) are widely used in evaluation research to estimate … average treatment effects. In this article, we derive the large sample distribution of propensity score matching estimators …. Our derivations take into account that the propensity score is itself estimated in a first step, prior to matching. We …
Persistent link: https://www.econbiz.de/10013156675
The search-and-matching model of the labor market fails to match two important business cycle facts: (i) a high … in the speed of technological learning and show that a search-and-matching model featuring such shocks can account for …
Persistent link: https://www.econbiz.de/10013071305
used to validate information collected in the survey. Register data are collected by automatic third party reporting and … illustrate the potential of combining survey and register data. In the first example expenditure survey records with information … about total expenditure are merged with income tax records holding information about income and wealth. Income and wealth …
Persistent link: https://www.econbiz.de/10013074292
diminishing returns to the number of workers. We examine the sorting of factors to sectors and the matching of factors within …
Persistent link: https://www.econbiz.de/10013074651
-employee data. We find evidence of positive assortative matching. In the estimated equilibrium match distribution, the correlation … between worker skill and firm productivity is 0.12. The assortative matching has a substantial impact on wage dispersion. We …
Persistent link: https://www.econbiz.de/10013055506
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
-theoretic matching model with moral hazard to explain changes in pension structure and job tenure. In our model, a decline in the value …
Persistent link: https://www.econbiz.de/10013324475
Recent declines in job tenure have coincided with a shift away from traditional defined benefit (DB) pensions, which reward long tenure. Recent evidence also points to an increase in job-to-job movements by workers, and we document gains in relative wages of job-to-job movers over a similar...
Persistent link: https://www.econbiz.de/10013324584