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We present an equilibrium model with inter-linked labour and marriage markets, and argue that search frictions play an … affects their job search behaviour, which in turn can lead to marital wage gaps ranked across productivities. Male …/female heterogeneity and marital classes, we also carry out the first empirical test of the role of search frictions in generating the male …
Persistent link: https://www.econbiz.de/10012951554
Marriage and divorce decisions are influenced by the institutional environment they are made in. One example is the social insurance system, which acts as a substitute for within-household insurance against economic shocks. In this paper, we quantify the importance of household-level insurance...
Persistent link: https://www.econbiz.de/10012824595
Marriage and divorce decisions are influenced by the institutional environment they are made in. One example is the social insurance system, which acts as a substitute for within-household insurance against economic shocks. In this paper, we quantify the importance of household-level insurance...
Persistent link: https://www.econbiz.de/10012263729
We present an equilibrium model with inter-linked labour and marriage markets, and argue that search frictions play an … affects their job search behaviour, which in turn can lead to marital wage gaps ranked across productivities. Male …/female heterogeneity and marital classes, we also carry out the first empirical test of the role of search frictions in generating the male …
Persistent link: https://www.econbiz.de/10011669663
Without assuming innate differences between genders, we show that the simultaneous interaction between frictional labor and marriage markets can result in a "gendered" equilibrium which is consistent with observed empirical regularities: men earn more than women, and their attachment to the...
Persistent link: https://www.econbiz.de/10014358631
A woman assessing the wealth of a potential husband may observe some, but not all, of his wealth. She may screen, leading to status consumption and wasteful gift giving. The screening activity is costly not only for the potential husband, but also for the woman, as it reduces the wealth of the...
Persistent link: https://www.econbiz.de/10010379931
This paper proposes a screening approach to explain why dating is associated with purchasing status products and conspicuous gift giving. A potential bride searching for a husband may seek to screen candidates whose income is only partially observable. Taking into account that she also bears...
Persistent link: https://www.econbiz.de/10010484412
We examine wage competition in a model where identical workers choose the number of jobs to apply for and identical firms simultaneously post a wage. The Nash equilibrium of this game exhibits the following properties: (i) an equilibrium where workers apply for just one job exhibits unemployment...
Persistent link: https://www.econbiz.de/10011335208
that the case for imposing a penalty on less active job search is fairly solid. A growing number of empirical studies …
Persistent link: https://www.econbiz.de/10011507749
monitoring and sanctions restores search incentives most effectively, since it brings additional incentives to search actively so …
Persistent link: https://www.econbiz.de/10011509411