Showing 1 - 10 of 447
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/10013101815
Discretionary policymaking can foster strategic complementarities between private sector decisions, thus leading to multiple equilibria. This article studies a simple example, originating with Kydland and Prescott, of a government which must decide whether to build a dam to prevent adverse...
Persistent link: https://www.econbiz.de/10013221106
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/10013099824
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
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
A synthesis of the Lucas-Prescott island model and the Mortensen- Pissarides matching model of unemployment is studied …
Persistent link: https://www.econbiz.de/10012776360
, 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
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
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/10013011910
Unemployment arises from frictions in the matching of job-seekers and employers. The level of resources that employers …
Persistent link: https://www.econbiz.de/10013218331