Showing 1 - 10 of 1,243
This paper re-estimates the constant-elasticity-of-substitution (CES) specification of aggregate production function using newly constructed annual data on physical and human capital stocks for a panel of 134 countries observed over the period 1960-2011. In our estimation, we allow parameters to...
Persistent link: https://www.econbiz.de/10013040261
another, potentially complementary, input fixed. We introduce a class of such reallocations - correlated matching rule - that … includes the status quo allocation, a random allocation, and both the perfect positive and negative assortative matching … pairwise stability concept used in the game theoretic literature on two-sided matching models with transfers. For estimation …
Persistent link: https://www.econbiz.de/10011757124
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
. Moreover, it is shown that the neglect of endogenous but not observable behavior in the empirical literature on labor matching … leads to systematically biased estimates of the matching elasticities, posing a caveat on the results of previous studies … testing for constant returns of the matching function. The theoretical model presented allows to predict the direction of the …
Persistent link: https://www.econbiz.de/10011412007
. Moreover, it is shown that the neglect of endogenous but not observable behavior in the empirical literature on labor matching … leads to systematically biased estimates of the matching elasticities, posing a caveat on the results of previous studies … testing for constant returns of the matching function. The theoretical model presented allows to predict the direction of the …
Persistent link: https://www.econbiz.de/10013320483
We consider the problem of statistical analysis on assortative matching. The random vector of interests consists of the …
Persistent link: https://www.econbiz.de/10014029093
Macroeconomic theories take polar views on the importance of choice versus chance. At the micro level, it seems realistic to assume that both dimensions play a role for individual employment outcomes, although it might be difficult to separate these two effects. Nevertheless the choice and...
Persistent link: https://www.econbiz.de/10010330231
A model is considered in which optimal search intensity is a result of a trade off between short run losses due to higher search costs (more interviews, commuting...) and long-run gains due to a higher chance of finding a job. We show that this optimal search intensity is higher in areas...
Persistent link: https://www.econbiz.de/10010320041
variables and matching estimators. Very informative administrative Swiss data with detailed regional information are combined …-defined local labour markets. This allows pursuing instrumental variable as well as matching estimation strategies. A specific …
Persistent link: https://www.econbiz.de/10003328060