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Worker sorting into tasks and occupations has long been recognized as an important feature of labor markets. But this … sorting may be inefficient if jobseekers have inaccurate beliefs about their skills and therefore apply to jobs that do not … with inefficient sorting due to limited information. …
Persistent link: https://www.econbiz.de/10014394213
I study a dynamic search-matching model with two-sided heterogeneity, a production complementarity that induces labor … market sorting, and aggregate shocks. In response to a positive productivity shock, incentives to sort increase ….S. labor market data and produces realistic degrees of wage dispersion and labor market sorting. …
Persistent link: https://www.econbiz.de/10014366741
This paper presents a model in which mismatch employment arises in a constrained efficient equilibrium. In the decentralized economy, however, mismatch gives rise to a congestion externality whereby heterogeneous job seekers fail to internalize how their individual actions affect the labor...
Persistent link: https://www.econbiz.de/10011932219
Worker sorting into tasks and occupations has long been recognized as an important feature of labor markets. But this … sorting may be inefficient if jobseekers have inaccurate beliefs about their skills and therefore apply to jobs that do not … with inefficient sorting due to limited information. …
Persistent link: https://www.econbiz.de/10014380450
Based on rich administrative data from Germany, we address the differences in occupation specific job-matching …) in an occupation and the diversity of tasks in an occupation. We find that the matching efficiency improves with higher … positive or negative effects on the matching efficiency. We discuss the conditions under which the empirical results can be …
Persistent link: https://www.econbiz.de/10011471358
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Are labor markets in higher-income countries more meritocratic, in the sense that worker-job matching is based on … the role of worker-job matching in development accounting, we build an equilibrium matching model that allows for cross … determine match feasibility; (ii) technology, which determines the returns to matching; and (iii) idiosyncratic matching …
Persistent link: https://www.econbiz.de/10014528414
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