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"This paper explores information disclosure in matching markets, e.g., the informativeness of transcripts given out by …
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This paper studies the cyclical dynamics of Mortensen and Pissarides' (1994) model of job creation and destruction when workers' effort is not perfectly observable, as in Shapiro and Stiglitz (1984). An occasionally-binding no-shirking constraint truncates the real wage distribution from below,...
Persistent link: https://www.econbiz.de/10013157042
matching functions, off-path beliefs conditional on counterfactual pairwise deviations, and on-path beliefs in the absence of … such deviations. A matching-belief configuration is stable if the matching is individually rational with respect to the … language for assessing matching outcomes with respect to their supporting beliefs and opens the door to further belief …
Persistent link: https://www.econbiz.de/10012836811
This paper explores information disclosure in matching markets, e.g., the informativeness of transcripts given out by …
Persistent link: https://www.econbiz.de/10012721350
This paper considers a dynamic matching model with imperfectly observable worker effort. In equilibrium, the wage …
Persistent link: https://www.econbiz.de/10012732526