Showing 1 - 10 of 427
doctors and psychologists, because couples view pairs of jobs as complements. A stable matching may not exist when couples are … present. We find conditions under which a stable matching exists with high probability in large markets. We present a … mechanism that finds a stable matching with high probability, and which makes truth-telling by all participants an approximate …
Persistent link: https://www.econbiz.de/10013142940
The design of the New York City (NYC) High School match involved tradeoffs among efficiency, stability and strategy-proofness that raise new theoretical questions. We analyze a model with indifferences--ties--in school preferences. Simulations with field data and the theory favor breaking...
Persistent link: https://www.econbiz.de/10012757548
, potentially complementary, input fixed. We introduce a class of such reallocations -- correlated matching rules -- that includes … the status quo allocation, a random allocation, and both the perfect positive and negative assortative matching …
Persistent link: https://www.econbiz.de/10012757581
Matching estimators (Rubin, 1973a, 1977; Rosenbaum, 2002) are widely used in statistical data analysis. However, the … large sample distribution of matching estimators has been derived only for particular cases (Abadie and Imbens, 2006). This … article establishes a martingale representation for matching estimators. This representation allows the use of martingale …
Persistent link: https://www.econbiz.de/10012757843
We define the median stable matching for two-sided matching markets with side payments and prove constructively that it …
Persistent link: https://www.econbiz.de/10012757924
This paper develops tools and techniques to study the impact of exogenous changes in factor supply and factor demand on factor allocation and factor prices in economies with a large number of goods and factors. The main results of our paper characterize sufficient conditions for robust monotone...
Persistent link: https://www.econbiz.de/10012757956
Labor Turnover Survey (JOLTS). Our method involves reweighting the cross-sectional density of employment growth rates in … JOLTS to match the corresponding density in the comprehensive Business Employment Dynamics (BED) data. To motivate our work …, we compare JOLTS to other data sources and document large discrepancies with respect to aggregate employment growth, the …
Persistent link: https://www.econbiz.de/10012759105
We construct a utility-based model of fluctuations, with nominal rigidities and unemployment, and draw its implications for the unemployment-inflation tradeoff and for the conduct of monetary policy.lt;brgt;lt;brgt;We proceed in two steps. We first leave nominal rigidities aside. We show that,...
Persistent link: https://www.econbiz.de/10012759440
This paper introduces a notion of fir m size into a search and matching model with endogenous job destruction. The … provide a coherent account of a) the salient features of the distributions of employer size, and employment growth across … establishments; b) the amplitude and propagation of cyclical fluctuations in flows between employment and unemployment; c) the …
Persistent link: https://www.econbiz.de/10012759553
This paper extends Lucas and Prescott's (1974) search model to develop a notion of rest unemployment. The economy consists of a continuum of labor markets, each of which produces a heterogeneous good. There is a constant returns to scale production technology in each labor market, but labor...
Persistent link: https://www.econbiz.de/10012759557