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Persistent link: https://www.econbiz.de/10014440166
efficient matching of workers to firms. This mechanism can be thought of as operated by a recruitment agency, an employment …
Persistent link: https://www.econbiz.de/10012724521
private competitive economy, firms and managers form partnerships in an upstream labor (matching) market and then firm …
Persistent link: https://www.econbiz.de/10012902667
We incorporate externalities into the stable matching theory of two-sided markets. Extending the classical substitutes …. We show that substitutability is a necessary condition for the existence of a stable matching in a maximal-domain sense … and provide a characterization of substitutable choice functions. In addition, we extend the standard insights of matching …
Persistent link: https://www.econbiz.de/10012584081
Federal Employment Agency and its internal placement-software. We use these data to estimate an enhanced matching function …
Persistent link: https://www.econbiz.de/10012419385
In a sticky-price model with labor market search and habit persistence, Walsh (2005) shows that inertia in the interest rate policy helps to reconcile the inflation and output persistence with empirical observations for the US economy. We show that this finding is sensitive with regard to the...
Persistent link: https://www.econbiz.de/10013316997
it as a two-stage game: A first stage of simultaneous 1-to-1 matching between firms and managers and a second stage of … each firm-manager pair to expect that the remaining agents will form a positive assortative matching (PAM), and the PAM on … the grand market is a stable matching under rational expectations. Even if they are strategic substitutes yet the …
Persistent link: https://www.econbiz.de/10012903067
We define the median stable matching for two sided matching markets with side payments and prove constructively that it …
Persistent link: https://www.econbiz.de/10014048102
This paper provides a search theoretic model with endogenous job creation, and homogenous workers and firms. The model introduces bidding costs and allows the current employer to make a counteroffer with probability q when the worker receives an outside offer. In equilibrium, a higher level of...
Persistent link: https://www.econbiz.de/10003435452
In many search models of the labor market, unemployment insurance (UI) is conveniently interpreted as the value of leisure or home production and is, therefore, treated as a parameter. However, in reality, UI has to be funded through taxation that might be distortionary. In this paper, I analyze...
Persistent link: https://www.econbiz.de/10009681233