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Matching and Inequality in the World Economy
Costinot, Arnaud - 2010
factor allocation and factor prices in economies with a large number of goods and factors. The main results of our paper …
Persistent link: https://www.econbiz.de/10012757956
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Sorting between and within Industries : A Testable Model of Assortative Matching
Abowd, John M. - 2014
We test for sorting of workers between and within industrial sectors in a directed search model with coordination frictions. We fit the model to sector-specific vacancy and output data along with publicly-available statistics that characterize the distribution of worker and employer wage...
Persistent link: https://www.econbiz.de/10013047408
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Kidney Exchange
Roth, Alvin E.; Sonmez, Tayfun; Ünver, M. Utku - 2021
Most transplanted kidneys are from cadavers, but there are also substantial numbers of transplants from live donors. Recently, there have started to be kidney exchanges involving two donor-patient pairs such that each donor cannot give a kidney to the intended recipient because of immunological...
Persistent link: https://www.econbiz.de/10013230395
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Mismatch Unemployment
Sahin, Aysegul - 2012
We develop a framework where mismatch between vacancies and job seekers across sectors translates into higher … unemployment by lowering the aggregate job-finding rate. We use this framework to measure the contribution of mismatch to the … database covering the universe of online U.S. job advertisements. Mismatch across industries and occupations explains at most 1 …
Persistent link: https://www.econbiz.de/10013102714
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Matching Capital and Labor
Berk, Jonathan - 2014
We establish an important role for the firm by studying capital reallocation decisions of mutual fund firms. At least 30% of the value mutual fund managers add can be attributed to the firm's role in efficiently allocating capital amongst its mutual fund managers. We find no evidence of a...
Persistent link: https://www.econbiz.de/10013053836
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What Should I Be When I Grow Up? Occupations and Unemployment Over the Life Cycle
Gervais, Martin - 2014
Why is unemployment higher for younger individuals? We address this question in a frictional model of the labor market that features learning about occupational fit. In order to learn the occupation in which they are most productive, workers sample occupations over their careers. Because young...
Persistent link: https://www.econbiz.de/10013044973
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Labor Market Implications of Education Mismatch
Varona, Carla; Cooper, Russell - 2022
This project studies the impact of education mismatch on labor outcomes. Across our sample of OECD countries, there is … evidence of mismatch in educational attainment and labor markets. Labor market outcomes are not independent of education … mismatch. Our framework for analysis is a dynamic choice model, focusing on education and training decisions. From the …
Persistent link: https://www.econbiz.de/10014090295
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Heterogeneity and Cyclical Unemployment
Bils, Mark; Chang, Yongsung; Kim, Sun-Bin - 2021
We model worker heterogeneity in the rents from being employed in a Diamond-Mortensen-Pissarides model of matching and unemployment. We show that heterogeneity, reflecting differences in match quality and worker assets, reduces the extent of fluctuations in separations and unemployment. We find...
Persistent link: https://www.econbiz.de/10013311946
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Comparative Advantage, Learning, and Sectoral Wage Determination
Gibbons, Robert S.; Katz, Lawrence F.; Lemieux, Thomas; … - 2021
We develop a model in which a worker's skills determine the worker's current wage and sector. Both the market and the … worker are initially uncertain about some of the worker's skills. Endogenous wage changes and sector mobility occur as labor …-market participants learn about these unobserved skills. We show how the model can be estimated using non-linear instrumental …
Persistent link: https://www.econbiz.de/10013233011
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A Theory of Factor Allocation and Plant Size
Holmes, Thomas J.; Mitchell, Matthew F. - 2022
micro foundations for capital skill complementarity (2) the relationship between factor allocation and plant size and (3 …) the effects of trade and growth on the skill premium. The theory is consistent with certain facts about factor allocation …
Persistent link: https://www.econbiz.de/10013308369