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matching market offerscontracts. I show that when expected marital surplus is strictly monotonic in agents’types, no … separating equilibrium that achieves matching efficiency exists. I then studya social planner’s problem, finding necessary and … sufficient conditions for a truthful directrevelation mechanism to achieve matching efficiency. These conditions become …
Persistent link: https://www.econbiz.de/10011133064
Despite recent advances in data collection and the growing number of empirical studies that examine private intergenerational transfers, there still exist significant gaps in our knowledge. Who transfers what to whom, and why do they it? I argue that some of these gaps could be filled by...
Persistent link: https://www.econbiz.de/10004968853
benefit payments compared to the wage earned in available jobs - labour supply and matching - a theoretical approach to …
Persistent link: https://www.econbiz.de/10008622251
finding, we describe a model of multi-trait matching and inheritance, in which individuals’ attractiveness in the marriage …
Persistent link: https://www.econbiz.de/10009320404
In the presence of local public goods differences in tastes are an important determinant of the way in which partnerships are formed. Heterogeneity in tastes for private vs. public goods produces a tendency to positive assortment and partnerships of couples with similar tastes; heterogeneity in...
Persistent link: https://www.econbiz.de/10005147109
(capacities), its elimination also raises the long-run assortativeness of matching. These findings demonstrate that when social …
Persistent link: https://www.econbiz.de/10011252632
household labor for both children and mothers and, if migration occurs in response to a negative shock, we should observe an … by an increase in mothers' bargaining power, as children's human capital is not affected by migration, controlling for …
Persistent link: https://www.econbiz.de/10010591957
The optimal balance between keeping marriages intact, despite spousal conflict, and allowing for divorce is a subject of policy debate in the United States. To explore the tradeoffs, I construct a structural model with information asymmetries, which may generate inefficient outcomes. Parameters...
Persistent link: https://www.econbiz.de/10009415742
We study the problem of marriage formation and marital distribution in a two-period model of matching, extending the … matching with bargaining framework of Crawford and Rochford (1986). We run simulations to find the effects of alimony rate …
Persistent link: https://www.econbiz.de/10005836944
We describe a model of multi-trait matching and inheritance in which individuals’ attractiveness in the marriage market …
Persistent link: https://www.econbiz.de/10010678839