This paper studies the effect of mandated severance pay in a matching model featuring wage rigidity for ongoing, but …

This paper develops a framework for studying repeated matching markets. The model departs from the Gale …-Shapley matching model by having a fixed set of long-lived players (firms) match with a new generation of short-lived players (workers …) in every period. I define history-dependent and self-enforcing matching processes in this repeated matching environment …