Showing 1 - 10 of 495
between trading firms, the presence of positive assortative matching among firms, and their evolution during the business …
Persistent link: https://www.econbiz.de/10014512101
among partners' skills in match output? We develop a matching model in which risk-averse agents, who differ in skills, match … that under plausible assumptions the risk-sharing benefit of marriage tends to push toward negative sorting on partners …' skills. To obtain the prediction of positive skill sorting--a robust empirical feature of marriage markets--this force needs …
Persistent link: https://www.econbiz.de/10014468251
We propose a new sorting framework: composite sorting. Composite sorting comprises of (1) distinct worker types assigned to the same occupation, and (2) a given worker type simultaneously being part of both positive and negative sorting. Composite sorting arises when fixed investments mitigate...
Persistent link: https://www.econbiz.de/10014372413
Are labor markets in higher-income countries more meritocratic, in the sense that worker-job matching is based on … the role of worker-job matching in development accounting, we build an equilibrium matching model that allows for cross … determine match feasibility; (ii) technology, which determines the returns to matching; and (iii) idiosyncratic matching …
Persistent link: https://www.econbiz.de/10014528414
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/10012466593
Social distancing via shelter-in-place strategies, and wearing masks, have emerged as the most effective non-pharmaceutical ways of combatting COVID-19. In the United States, choices about these policies are made by individual states. We develop a game-theoretic model and then test it...
Persistent link: https://www.econbiz.de/10012496132
and assortative mating on returns is as strong as that on wealth. Third, post-marriage returns on family wealth are … largely explained by the return of the spouse with the highest pre-marriage return. This suggests that family wealth is … the wealth distribution at marriage. We use a simple analytical example to illustrate how assortative mating on wealth and …
Persistent link: https://www.econbiz.de/10013190997
Democratic representation is constrained by the alternatives available to voters. In this paper, we develop a methodology to gauge the extent to which the "supply side" of politics hinders voter welfare. Using rich data on thousands of candidates in three Brazilian legislative elections, we...
Persistent link: https://www.econbiz.de/10013191060
be interpreted through a structural model of the marriage market; in particular, a crucial issue is how they relate to … variations in the economic surplus generated by marriage. We propose a very general criterion of increase in assortativeness, and … violates one of our conditions. Finally, we use our approach to evaluate the evolution of assortative matching in the US over …
Persistent link: https://www.econbiz.de/10012481890
the marriage market. We argue that a key advantage of this approach is that it creates a direct connection between changes … in assortativeness in marriage and changes in the value of marriage for the various possible matches by education group …
Persistent link: https://www.econbiz.de/10012481891