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This paper presents a tractable framework for studying frictionless matching in school, work, and marriage when … communicate and coordinate at lower resource cost. The theory delivers full task specialization in the labor and education markets … ; education ; labor ; marriage ; social welfare ; linear programming …
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This paper presents a tractable framework for studying frictionless matching in school, work, and marriage when … communicate and coordinate at lower resource cost. The theory delivers full task specialization in the labor and education markets …, but incomplete specialization in marriage. It also captures well-known matching patterns in each of these sectors …
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