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On the Number of Employed in the Matching Model
Kitahara, Minoru - 2019
largest one among the matchings in which no agent can be better off by itself. We show that, in the one-to-one matching model …, the number of matches in any stable matching is more than or equal to the smallest integer that is not less than half of … the benchmark number. This result is satisfied even if "stable matching" is replaced by "efficient matching". We extend …
Persistent link: https://www.econbiz.de/10012899286
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Capital investment and equilibrium unemployment
Jósef Sigurdsson - 2013
Persistent link: https://www.econbiz.de/10009712484
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Inefficient Unemployment and Bargaining Friction
Yuen, C. Y. Kelvin - 2019
This paper explores the possibility of privately inefficient job separations due to bargaining friction and its implications for the unemployment dynamics. I propose a simple specification of bargaining friction by including bargaining wedges in the standard Nash bargaining model. Such...
Persistent link: https://www.econbiz.de/10012893924
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The Employed, the Unemployed, and the Unemployable : Directed Search with Worker Heterogeneity
Basov, Suren - 2010
We examine the implications of worker heterogeneity on the equilibrium matching process, using a directed search model … expression for the equilibrum matching function. This function has constant returns to scale and two new terms, which are …
Persistent link: https://www.econbiz.de/10013146730
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Firm dynamics and assortative matching
Crane, Leland D. - 2014
Persistent link: https://www.econbiz.de/10010476418
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Information frictions and labor market outcomes
Cardoso, Ana Rute; Loviglio, Annalisa; Piemontese, Lavinia - 2015
We analyze the impact of information frictions on workers' wages, contributing to the literature that tested search theory, which has so far focused on labor market frictions in general and not specifically on information asymmetries. Using data for 16 countries from the European Social Survey...
Persistent link: https://www.econbiz.de/10010528571
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Why is old workers' labor market more volatile? : unemployment fluctuations over the life-cycle
Hairault, Jean-Olivier; Langot, François; Sopraseuth, … - 2014
Since the last recession, it is usually argued that older workers are less affected by the economic downturn because their unemployment rate rose less than the one of prime-age workers. This view is a myth: older workers are more sensitive to the business cycle. We document volatilities of...
Persistent link: https://www.econbiz.de/10010339640
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Equilibrium wage rigidity in directed search
Camera, Gabriele; Kim, Jaehong - 2018
Persistent link: https://www.econbiz.de/10011881590
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Labor market dynamics with sorting
Schulz, Bastian - 2023
I study a dynamic search-matching model with two-sided heterogeneity, a production complementarity that induces labor …
Persistent link: https://www.econbiz.de/10014366741
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Job matching, temporary public employment, and equilibrium unemployment
Holmlund, Bertil; Lindén, Johan - 1991
Persistent link: https://www.econbiz.de/10000822443