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 …

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 …

the production technology, and equilibrium wage and matching functions using tools from optimal transport theory. Given …This paper proposes empirically tractable multidimensional matching models, focusing on worker-job matching. We …

implied by wage bargaining. -- Wage Bargaining ; Optimal Control Theory ; Right-to-Manage Model ; Numerical Solutions …

In recent years, a school of economics called MMT (Modern Monetary Theory) has been attracting attention, but it has … unemployment. To recover from this, a budget deficit that exceeds the level necessary to maintain full employment is required …