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patterns of assortative matching observed in the data. To capture limited mobility we model the bipartite graph associated with …
Persistent link: https://www.econbiz.de/10015438239
. Consider the following matching mechanism: take a random draw from the `W=w_j` subgroup of the first population and match her … function (AMF), denote the expected output associated with this match. We show that (i) the AMF is identified when matching is … conditionally exogenous, (ii) conditionally exogenous matching is compatible with a pairwise stable aggregate matching equilibrium …
Persistent link: https://www.econbiz.de/10012456576
understand the magnitudes and sources of mismatch in this assignment, both in theory and in the data. The paper presents evidence …
Persistent link: https://www.econbiz.de/10012456663
This paper develops a framework for estimating preferences in two-sided matching markets with non-transferable utility … market. I use pairwise stability together with a vertical preference restriction on one side of the market to identify … with many-to-one matching. These methods allow me to investigate two issues concerning the centralized market for medical …
Persistent link: https://www.econbiz.de/10012457899
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/10012458037
workers are employed in more productive industries. The evidence confirms assortative matching can be present even when worker …
Persistent link: https://www.econbiz.de/10012458196
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/10012458526
reveal a number of new stylized facts on the distributions of buyers per exporter and exporters per buyer, the matching among …
Persistent link: https://www.econbiz.de/10012458528
We consider a matching model of employment with wages that are flexible for new hires, but sticky within matches. We …
Persistent link: https://www.econbiz.de/10012458843
We incorporate reference-dependent worker behavior into a search-matching model of the labor market, in which firms …
Persistent link: https://www.econbiz.de/10012459576