Marriage and Employment Participation with Wage Bargaining in Search Equilibrium
نویسندگان
چکیده
منابع مشابه
Marriage Market Equilibrium and Bargaining in Marriage*
This paper examines marriage market equilibrium when allocation is determined by bargaining in marriage rather than binding agreements between prospective spouses. We view sorting in the marriage market and allocation in marriage as a two-stage game in which prospective spouses, when they meet in the marriage market, foresee the allocation that would emerge from bargaining in marriage, but are ...
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thank Björn Brügemann, Bob Hall, Giuseppe Moscarini, Rob Shimer, and the participants in seminars at Northwestern, Yale and Duke for useful comments. I also thank the editor and two anonymous referees for their constructive criticism. I am particularly grateful to Rob Shimer for pointing out a serious mistake in early versions of the paper. The National Science Foundation provided research supp...
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The present paper contributes to the theoretical analysis of the human capital investment and participation decision of heterogeneous workers in the search and matching framework. Its aim is to characterize the equilibrium and to identify the efficiency. Here, the paper studies search equilibrium and matching to consider the participation decision of heterogeneous workers who have differen...
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Following a recession, the aggregate labor market is slack–employment remains below normal and recruiting efforts of employers, as measured by help-wanted advertising and vacancies, are low. A model of matching friction explains the qualitative responses of the labor market to adverse shocks, but requires implausibly large shocks to account for the magnitude of observed fluctuations. The incorp...
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ژورنال
عنوان ژورنال: Scottish Journal of Political Economy
سال: 2021
ISSN: 0036-9292,1467-9485
DOI: 10.1111/sjpe.12289