This paper develops a general equilibrium model of nonsequential employer search with recruiting selection and heterogeneous workers, and characterizes its equilibrium. Unlike standard search models, employers can simultaneously meet several applicants and choose the best candidate. Recruiting...

In this paper I introduce a novel source of residual wage dispersion. In the model, workers are heterogenous in productivity and randomly apply to ex ante identical posted vacancies. Each employer simultaneously meets several applicants, offers the position to the best candidate and bargains...

Proposers strategically formulate legislative bills before voting takes place. However, spatial voting models that estimate legislator's ideological preferences do not explicitly consider this fact. In our model, proposers determine the ideology and valence of legislative bills to maximize their...

Many social scientists hypothesize that the time mothers spend with their children is crucial for children's cognitive development. Unlike most studies that focus on maternal employment effects on children, we estimate direct causal effects of time-diary measured maternal time using the Child...

This paper introduces a rational choice model for multiple kinds of participation to empirically investigate several theoretical determinants of social capital (SC) formation. The framework is rich enough to investigate the importance of individual variables, social/peer effects, endogenous...

I illustrate that the welfare improvement property of the Melitz model is due to the shape of the aggregate labor demand curve, which slopes upwards. By slightly changing some assumptions in the model, this curve may have a negative slope. In this case, increases in aggregate productivity result...