By using qualitative data collected in three representative Chinese cities and quantitative data from a countrywide survey, in this study, we synthesized the conventionally competing arguments from the state-centred and market-centred approaches. We showed the flow of elite resources, such as education, party membership, and family background, among three groups of job seekers—namely, job-assig...

This study uses an agent-based computational labor market framework to experimentally study the relationship between job capacity, job concentration, and market power. Job capacity is measured by the ratio of potential job openings to potential work o!ers, and job concentration is measured by the ratio of work suppliers to employers. For each experimental treatment, work suppliers and employers...

Previous research has revealed but not explained the occurrence of wide variations in pay for the same job, even within a single local labor market. We investigated how compensation managers from a wide variety of organizations combined information about current job pay rates, market rates, and job evaluation points to arrive at new pay rates. In addition, we examined the role of organizational...

This study investigates the structure and trends of the labor market in China in the economic transition. Based on two large-scale repeated surveys, we cover a variety of rarely explored issues related to the labor market in China. These issues include labor market participation and various employment such as second jobs and post retirement employment, labor supply issues like working hours, wo...

Agents with the same information and same preferences can make different choices. Agents differ not only with respect to their preferences and information, but their causal interpretations of that information. This can lead to what agents with the correct causal model would perceive as “irrational mistakes” committed by others. I apply an axiomatic representation to develop the causally coheren...

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2 A sizable share of unemployment can be attributed to frictions in the labor market. The simultaneous existence of vacancies and job seekers proves that job search requires effort and time. To improve the efficiency of this process, many countries offer active labor market policies. Evaluating how these programs affect job prospects of job seekers is crucial for effective policy making and for...

We study a model where multiple sellers with limited supply strategically choose both the price formation rule and the allocation rule. We show that inefficiency in this setting arises both because sellers withhold the good and because they sell to lower valuation buyers despite the presence of higher valuation buyers. This contrasts with the findings of the literatures on monopolistic and comp...