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This paper discusses fiscal policy using a DSGE model with search and matching in the labour market. Fiscal policy is …, public spending also improves the matching between unemployed workers and job vacancies. The mechanism modelled in this paper … the fiscal multiplier increases with the elasticity of matching to spending and is also negatively related with the steady …
Persistent link: https://www.econbiz.de/10009646261
in the presence of search frictions and when utility is non-transferable. We depart from standard matching models where … have the same matching pattern, implying that the value of search to each agent is the same. Although perfect assortative … matching cannot be obtained in equilibrium, the degree of assortativeness is nevertheless greater than in standard models. …
Persistent link: https://www.econbiz.de/10009365066
make investments before matching in a competitive market. We introduce the notion of premuneration values---the values to …
Persistent link: https://www.econbiz.de/10008751337
Persistent link: https://www.econbiz.de/10014532134
two-sided search and matching model used to rationalize the empirical facts and carry out predictions regarding match …This paper studies the two-sided dynamic matching problem that occurs in the US foster care system. In this market …
Persistent link: https://www.econbiz.de/10014251032
It is increasingly recognized that labor markets are pervasively imperfectly competitive, that there are rents to the employment relationship for both worker and employer. This chapter considers why it is sensible to think of labor market as imperfectly competitive, reviews estimates on the size...
Persistent link: https://www.econbiz.de/10014025117
Persistent link: https://www.econbiz.de/10013355154
Persistent link: https://www.econbiz.de/10014475597
can be placed in their care. This paper contributes by developing a theoretical matching model to study the optimal menu … of licenses designed to screen foster parents. We construct a two-sided matching model with heterogeneous agents, adverse … selection, search frictions, and a designer who coordinates match formation through a menu of contracts. We focus on incentive …
Persistent link: https://www.econbiz.de/10014450497
Different markets are cleared by different types of prices---a universal price for all buyers and sellers in some markets, seller-specific prices that are uniform across buyers in others, and personalized prices tailored to both the buyer and the seller in yet others. We introduce the notion of...
Persistent link: https://www.econbiz.de/10008456313