Showing 1 - 10 of 835
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/10012463975
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/10012468710
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/10012458196
This paper examines inequalities in the match between student and degree quality using linked administrative data from schools, universities and tax authorities. We analyse two measures of match at the university-subject level: undergraduate enrollment qualifications, and graduate earnings. We...
Persistent link: https://www.econbiz.de/10012629435
The process of matching between firms and workers is an important mechanism in determining the distribution of wages. In a labor market characterised by large dispersion of workers' productivity and worker-firm complementarity, high quality firms have strong incentives to screen for the quality...
Persistent link: https://www.econbiz.de/10012482041
This project studies the impact of education mismatch on labor outcomes. Across our sample of OECD countries, there is … evidence of mismatch in education choices and labor markets. Labor market outcomes are not independent of education mismatch … of model parameters, the main factor explaining education mismatch is a shock to the perceived value of education. In …
Persistent link: https://www.econbiz.de/10012482388
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/10012463483
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
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
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/10012460394