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  1. The Financial Channel of Wage Rigidity
    Author: Schoefer, Benjamin
    Published: 2021
    Publisher:  National Bureau of Economic Research, Cambridge, Mass

    I propose a financial channel of wage rigidity. In recessions, rather than propping up marginal (new hires') costs of labor, rigid average wages squeeze cash flows, forcing firms to cut hiring due to financial constraints. Indeed, empirical cash... more

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    I propose a financial channel of wage rigidity. In recessions, rather than propping up marginal (new hires') costs of labor, rigid average wages squeeze cash flows, forcing firms to cut hiring due to financial constraints. Indeed, empirical cash flows and profits would turn acyclical if wages were only moderately more procyclical. I study this channel in a search and matching model with financial constraints and rigid wages among incumbent workers, while new hires' wages are flexible. Individually, each feature generates no amplification. By contrast, their interaction can account for much of the empirical labor market fluctuations--breaking the neutrality of incumbents' wages for hiring, and showing that financial amplification of business cycles requires wage rigidity

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    Series: NBER working paper series ; no. w29201
    Subjects: Lohnrigidität; Lohnbildung; Lohnniveau; Matching; Personalbeschaffung
    Scope: 1 Online-Ressource, illustrations (black and white)
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    Hardcopy version available to institutional subscribers
  2. Digitale Bewerbungen im Dreieck - was folgt daraus für Arbeitsuchende, das AMS und die Betriebe?
    Schlussfolgerungen aus einer aktuellen Studie im Auftrag des AMS Niederösterreich
    Author: Holtgrewe, Ursula; Lindorfer, Martina; Vana, Irina
    Published: Mai 2021
    Publisher:  Arbeitsmarktservice Österreich, Abt. Arbeitsmarktforschung und Berufsinformation, Wien

    Aus der Einleitung: "In der vorliegenden Studie im Auftrag der Landesgeschäftsstelle des AMS Niederösterreich, die vom Zentrum für Soziale Innovation (ZSI) umgesetzt wurde, wurden Veränderungen von Bewerbungsprozessen in unterschiedlichen Branchen... more

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    Aus der Einleitung: "In der vorliegenden Studie im Auftrag der Landesgeschäftsstelle des AMS Niederösterreich, die vom Zentrum für Soziale Innovation (ZSI) umgesetzt wurde, wurden Veränderungen von Bewerbungsprozessen in unterschiedlichen Branchen und Betrieben in Niederösterreich analysiert. Die Studienautorinnen gehen der Frage nach, wie sich verschiedene Trends der Digitalisierung in Bewerbungsverfahren und bei der Personalauswahl in Niederösterreich branchen- und betriebsspezifisch niederschlagen. Von dieser Analyse ausgehend wird anschließend gefragt, wie die Unterstützungs- und Beratungsangebote des AMS Niederösterreich auf diese Trends eingehen und wie diese zukünftig angepasst werden können. Der Literaturüberblick im Rahmen dieser Studie bietet eine Übersicht zu aktuellen Herausforderungen für Arbeitsuchende im Bewerbungsprozess sowie zu den in der Literatur vorgestellten Trends. Dabei liegt der Fokus auf den Effekten digitaler Bewerbungsverfahren. Bei der Darstellung digitaler Techniken der Rekrutierung, die in der Literatur besprochen werden, folgen die Autorinnen der Abfolge von Bewerbungsprozessen. (...)"

     
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    Source: Union catalogues
    Language: German
    Media type: Book
    Format: Online
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    hdl: 10419/256832
    Series: AMS info ; 513
    Subjects: Matching; Personalpolitik; Personalmanagement; Human Resources; Jobvermittlung; Stellenvermittlung; Recruiting; Digitalisierung; Personalbedarfe
    Scope: 1 Online-Ressource (circa 4 Seiten)
  3. Positive skill clustering in role-assignment matching models
    Author: Anderson, Axel
    Published: 2021
    Publisher:  Georgetown University, Department of Economics, Washington, DC

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    Series: Working papers / Georgetown University, Department of Economics ; 21, 20
    Subjects: Matching; Sorting; Inequality; Mobility
    Scope: 1 Online-Ressource (circa 43 Seiten), Illustrationen
  4. Essays on Development and Health Economics: Social Media and Education Policy
    Author: Jiang, Qin
    Published: 2021

    This dissertation consists of three essays on development economics and health economics. The first chapter examines the impact of social media usage on depressive symptoms in the United States. The use of social media can potentially decrease the... more

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    This dissertation consists of three essays on development economics and health economics. The first chapter examines the impact of social media usage on depressive symptoms in the United States. The use of social media can potentially decrease the level of depressive symptoms by providing support or increase the level of depressive symptoms by putting social pressure on users. This chapter leverages a fixed-effects model to estimate the effect of using social media platforms on depressive symptoms. I find that using Twitter decreases the level of depressive symptoms by 27%. This result explains why social media usage in the US has grown steadily even though most studies found that more usage correlated with higher levels of depressive symptoms. There is heterogeneity with respect to age, income, education, race, previous level of depressive symptoms, and region. The average labor market benefit that comes from this effect is equivalent to 0.1% GDP in the US.In the second chapter, I examine the performances of different bias correction methods, such as matching and weighting methods, on improving the representativeness of social media data. I find that matching and weighting methods can effectively improve the representativeness of social media users in most cases examined. Matching methods with smaller number of neighbors or smaller radius produce smaller biases. Improving the representativeness of Twitter users is easier than improving the representativeness of Facebook users.The third chapter is a collaboration with Yinan Liu, in which we study the impact of the primary school starting age policy in China on both short-run and long-run outcomes. We examine the household characteristics of the right age group, early group, and late group based on the compliance. Starting school late is negatively associated with cognitive skills, test scores, highest education achieved and income. We also explore the potential explanations why a large proportion of households send children to primary school before they reach the eligible age in China.

     
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    Source: Union catalogues
    Language: English
    Media type: Dissertation
    Format: Online
    ISBN: 9798535595931
    Series: Dissertations Abstracts International
    Subjects: Depressive symptoms; Matching; School starting age; Selection bias; Social media; Weighting
    Scope: 1 Online-Ressource (159 p.)
    Notes:

    Source: Dissertations Abstracts International, Volume: 83-03, Section: A. - Advisor: Strauss, John

    Dissertation (Ph.D.), University of Southern California, 2021
  5. Auto-enrollment, matching, and participation in 401(k) plans
    Author: Andrietti, Vincenzo
    Published: [2021]
    Publisher:  UC3M, Universidad Carlos III de Madrid, [Getafe (Spain)]

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    hdl: 10016/34382
    Series: Array ; 2021, 16
    Subjects: 401(K) Plans; Participation rate; Auto-enrollment; Matching; Fractional response models; Unbalanced panel data
    Scope: 1 Online-Ressource (circa 31 Seiten)
  6. Does online search improve the match quality of new hires?
    Author: Gürtzgen, Nicole; Lochner, Benjamin; Pohlan, Laura; Berg, Gerard J. van den
    Published: 2021
    Publisher:  ZEW - Leibniz Centre for European Economic Research, Mannheim, Germany

    This paper studies the effects of the high-speed internet expansion on the match quality of new hires. They combine data on internet availability at the local level with German individual register and vacancy data. Results show that internet... more

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    This paper studies the effects of the high-speed internet expansion on the match quality of new hires. They combine data on internet availability at the local level with German individual register and vacancy data. Results show that internet availability has no major impact on the stability of new matches and their wages. The authors confirm these findings using vacancy data, by explicitly comparing match outcomes of online and non-online recruits. Further results show that online recruiting not only raises the number of applicants and the share of unsuitable candidates per vacancy, but also induces employers to post more vacancies.

     
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    hdl: 10419/229141
    Series: Discussion paper / ZEW ; no. 21, 002 (01/2021)
    Subjects: Matching; online search; information frictions; recruiting channels
    Scope: 1 Online-Ressource (circa 71 Seiten), Illustrationen
  7. The Worker-Job Surplus
    Author: Lindenlaub, Ilse; Postel-Vinay, Fabien
    Published: 2021
    Publisher:  National Bureau of Economic Research, Cambridge, Mass

    The worker-job surplus -- the sum of the worker's and the employer's net values of an employment relationship -- is the object that drives decisions in most matching models of the labor market. In this paper, we develop a theory-based empirical... more

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    The worker-job surplus -- the sum of the worker's and the employer's net values of an employment relationship -- is the object that drives decisions in most matching models of the labor market. In this paper, we develop a theory-based empirical method to determine which of the observable worker and job characteristics impact the worker-job surplus in the data. To do so, we exploit the mobility choices of employed workers. Our method further indicates whether workers sort along those surplus-relevant attributes when searching for jobs. It also provides a test of the commonly used single-index assumption, according to which worker and job heterogeneity can each be summarized by scalar indices. We implement our method on US data using the Survey of Income and Program Participation and the O*NET. The results suggest that a relatively sparse model underlies the data. On the job side, a cognitive and an interpersonal skill requirement impact the surplus along with the (dis)amenity of work duration as well as the workplace size. On the worker side, we find that most of the relevant characteristics are symmetric to the selected job requirements. We reject the existence of a single-index representation of these relevant multi-dimensional worker and job attributes. We then use our results in a new approach to defining the economy's labor submarkets, highlighting a potentially important application of our methodology

     
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    Language: English
    Media type: Book
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    Series: NBER working paper series ; no. w28402
    Subjects: Matching; Arbeitsuche; Suchtheorie
    Scope: 1 Online-Ressource, illustrations (black and white)
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    Hardcopy version available to institutional subscribers
  8. Sorting Out the Real Effects of Credit Supply
    Author: Chang, Briana; Gomez, Matthieu; Hong, Harrison G.
    Published: 2021
    Publisher:  National Bureau of Economic Research, Cambridge, Mass

    We document that banks which cut lending more during the Great Recession were lending to riskier firms. To explain this evidence, we build a competitive matching model of bank-firm relationships in which risky firms borrow from banks with low... more

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    We document that banks which cut lending more during the Great Recession were lending to riskier firms. To explain this evidence, we build a competitive matching model of bank-firm relationships in which risky firms borrow from banks with low holding costs. Based on default probabilities and equilibrium loan rates, we use our sorting model to recover the latent bank holding cost distribution. The measure of banks with low holding costs dropped during the Great Recession. This credit supply shift conservatively accounted for around 50% of the decline in corporate loans over this period. Our attribution cannot be captured by panel regression estimates from the bank lending channel literature

     
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    Series: NBER working paper series ; no. w28842
    Subjects: Kreditgeschäft; Kreditrisiko; Finanzkrise; Kreditzins; Matching; USA
    Scope: 1 Online-Ressource, illustrations (black and white)
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    Hardcopy version available to institutional subscribers
  9. Why time cannot heal all wounds
    personal wealth trajectories of divorced and married men and women
    Author: Kapelle, Nicole
    Published: [2021]
    Publisher:  German Socio-Economic Panel (SOEP), DIW Berlin, Berlin, Germany

    Amid concerns of long-term economic consequences of divorce, cross-sectional research illustrated that ever-divorce men but particularly women hold less per capita wealth than continuously married spouses in older age. Using a longitudinal approach... more

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    Amid concerns of long-term economic consequences of divorce, cross-sectional research illustrated that ever-divorce men but particularly women hold less per capita wealth than continuously married spouses in older age. Using a longitudinal approach and unique personal-level wealth data from the German Socio-Economic Panel Study, the present study aims to understand how divorce stratifies men’s and women’s wealth trajectories. To this end, I apply a novel doubly robust estimation approach that combines propensity score and coarsened exact matching with random-effects growth models to provide causal comparisons of wealth trajectories. Results show that wealth differences between ever-divorce and continuously married individuals predominantly stem from persistent disadvantage generated immediately around divorce rather than a scarring of divorcees’ wealth accumulation over time, although remarriage is a relevant moderator of post-divorce wealth accumulation. Divorced women’s wealth disadvantage compared to men’s likely stems from a range of sources including the maintenance of within-couple wealth inequalities, biased property division processes, and lower wealth accumulation potentials after divorce. Comparatively, married women benefit from marital protection to compensate their lower wealth accumulation potential. Finally, selection into divorce is a relevant although secondary factor that needs to be considered in the explanation of divorce-related wealth stratification.

     
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    Media type: Book
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    hdl: 10419/234460
    Series: SOEPpapers on multidisciplinary panel data research ; 1134 (2021)
    Subjects: Divorce; Wealth stratification; Gender; Life course; Matching
    Scope: 1 Online-Ressource (circa 58 Seiten), Illustrationen
  10. Reallocation with priorities
    Author: Combe, Julien; Schlegel, Jan Christoph
    Published: [2021]
    Publisher:  Center for Research in Economics and Statistics, Palaiseau, France

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    Media type: Book
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    Series: Working paper series / Center for Research in Economics and Statistics ; no. 2021, 09 (May 2021)
    Subjects: Matching; Housing Market; Reallocation; Stability; Priorities
    Scope: 1 Online-Ressource (circa 23 Seiten)
  11. Smart Matching Platforms and Heterogeneous Beliefs in Centralized School Choice
    Author: Arteaga, Felipe; Kapor, Adam J.; Neilson, Christopher A.; Zimmerman, Seth D.
    Published: 2021
    Publisher:  National Bureau of Economic Research, Cambridge, Mass

    Many school districts with centralized school choice adopt strategyproof assignment mechanisms to relieve applicants of the need to strategize on the basis of beliefs about their own admissions chances. This paper shows that beliefs about admissions... more

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    Many school districts with centralized school choice adopt strategyproof assignment mechanisms to relieve applicants of the need to strategize on the basis of beliefs about their own admissions chances. This paper shows that beliefs about admissions chances shape choice outcomes even when the assignment mechanism is strategyproof by influencing the way applicants search for schools, and that "smart matching platforms" that provide live feedback on admissions chances help applicants search more effectively. Motivated by a model in which applicants engage in costly search for schools and over-optimism can lead to under-search, we use data from a large-scale survey of choice participants in Chile to show that learning about schools is hard, that beliefs about admissions chances guide the decision to stop searching, and that applicants systematically underestimate non-placement risk. We then use RCT and RD research designs to evaluate live feedback policies in the Chilean and New Haven choice systems. 22% of applicants submitting applications where risks of non-placement are high respond to warnings by adding schools to their lists, reducing non-placement risk by 58%. These results replicate across settings and over time. Reducing the strategic burden of school choice requires not just strategyproofness inside the centralized system, but also choice supports for the strategic decisions that inevitably remain outside of it

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
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    Series: NBER working paper series ; no. w28946
    Subjects: Schulauswahl; Matching; New Haven (Conn.); Chile
    Scope: 1 Online-Ressource, illustrations (black and white)
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    Hardcopy version available to institutional subscribers
  12. Estimación de la manutención infantil para hogares monoparentales en las ciudades capitales de Bolivia
    Author: Choque, Edison; Salamanca, Carla; Quehui, Isabel
    Published: Junio 2021
    Publisher:  Instituto de Estudios Avanzados en Desarrollo, inesad, La Paz, Bolivia

    This study proposes a methodology for estimating child support, which combines two approaches. The first corresponds to the marginal approach, which approximates the cost of the child maintenance by comparing an equivalent income from households with... more

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    This study proposes a methodology for estimating child support, which combines two approaches. The first corresponds to the marginal approach, which approximates the cost of the child maintenance by comparing an equivalent income from households with the same level of well-being. The second is the per capita - average approach that approximates this cost through the so-called exclusive spending. We use the 2015-2016 Family Budget Survey to estimate the maintenance, considering households in five capital cities and the metropolis area of La Paz, which are above the moderate poverty line in Bolivia. Results shows that, on average, monthly child support represents 67% and 97% of the national minimum wage when the child studies in a public and private school, respectively. In this regard, we evidence that these percentages are higher than the minimum of 20% established by the Family and Family Process Code.

     
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    Source: Union catalogues
    Language: Spanish
    Media type: Book
    Format: Online
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    hdl: 10419/251323
    Series: Serie documentos de trabajo sobre desarrollo ; no. 2021, 03
    Subjects: Matching; child support; single parent home; common rank
    Scope: 1 Online-Ressource (circa 31 Seiten), Illustrationen
  13. Does online search improve the match quality of new hires?
    Author: Gürtzgen, Nicole; Lochner, Benjamin; Pohlan, Laura; Berg, Gerard J. van den
    Published: [2021]
    Publisher:  IFAU, Institute for Evaluation of Labour Market and Education Policy, Uppsala

    This paper studies the effects of the high-speed internet expansion on the match quality of new hires. We combine data on internet availability at the local level with German individual register and vacancy data. Results show that internet... more

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    This paper studies the effects of the high-speed internet expansion on the match quality of new hires. We combine data on internet availability at the local level with German individual register and vacancy data. Results show that internet availability has no major impact on the stability of new matches and their wages. We confirm these findings using vacancy data, by explicitly comparing match outcomes of online and non-online recruits. Further results show that online recruiting not only raises the number of applicants and the share of unsuitable candidates per vacancy, but also induces employers to post more vacancies.

     
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    hdl: 10419/246043
    Series: Working paper / Institute for Evaluation of Labour Market and Education Policy ; 2021, 8
    Subjects: Matching; internet; informational friction; recruiting channel; vacancy; wage; job duration
    Scope: 1 Online-Ressource (circa 71 Seiten), Illustrationen
  14. Upper secondary education
    access, choices and graduation
    Author: Halapuu, Vivika
    Published: 2021
    Publisher:  Department of Economics, Uppsala University, Uppsala, Sweden

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    Source: Union catalogues
    Language: English
    Media type: Dissertation
    Format: Print
    ISBN: 9789150628814
    Series: Economic studies / Department of Economics, Uppsala Universitet ; 198
    Subjects: Weiterführende Schule; Berufsbildung; Bildungsverhalten; Bildungsniveau; Bildungschancen; Behinderte; Erwerbsminderungsrente; Arbeitsmarktintegration; Qualifikation; Matching; Bildungspolitik; Schweden
    Scope: 141, 10 ungezählte Seiten, Illustrationen
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    Dissertation, Uppsala University, 2021
  15. Two-sided markets, pricing, and network effects
    Author: Pavan, Alessandro; Jullien, Bruno; Rysman, Marc
    Published: 24 August 2021
    Publisher:  Centre for Economic Policy Research, London

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    Series: Array ; DP16480
    Subjects: two-sided market; Platform; Pricing; network effects; Matching
    Scope: 1 Online-Ressource (circa 103 Seiten), Illustrationen
  16. What do parents want?
    parental spousal preferences in China
    Author: Raiber, Eva; Ren, Weiwei; Bovet, Jeanne; Seabright, Paul; Wang, Charlotte
    Published: [2021]
    Publisher:  Aix-Marseille School of Economics, [Aix-en-Provence

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    Source: Union catalogues
    Language: English
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    Series: Working papers / AMSE, Aix-Marseille School of Economics ; WP 2021, nr 25
    Subjects: Marriage; Preference estimation; China; Parental matchmaking; Matching
    Scope: 1 Online-Ressource (circa 56 Seiten), Illustrationen
  17. Centralized Matching with Incomplete Information
    Author: Fernandez, Marcelo A.; Rudov, Kirill; Yariv, Leeat
    Published: 2021
    Publisher:  National Bureau of Economic Research, Cambridge, Mass

    We study the impacts of incomplete information on centralized one-to-one matching markets. We focus on the commonly used Deferred Acceptance mechanism (Gale and Shapley, 1962). We show that many complete-information results are fragile to a small... more

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    We study the impacts of incomplete information on centralized one-to-one matching markets. We focus on the commonly used Deferred Acceptance mechanism (Gale and Shapley, 1962). We show that many complete-information results are fragile to a small infusion of uncertainty about others' preferences

     
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    Series: NBER working paper series ; no. w29043
    Subjects: Matching; Unvollkommene Information
    Scope: 1 Online-Ressource, illustrations (black and white)
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  18. Matching with externalities
    Author: Pycia, Marek; Yenmez, M. Bumin
    Published: June 2021
    Publisher:  University of Zurich, Department of Economics, Zurich

    We incorporate externalities into the stable matching theory of two-sided markets. Extending the classical substitutes condition to markets with externalities, we establish that stable matchings exist when agent choices satisfy substitutability. We... more

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    We incorporate externalities into the stable matching theory of two-sided markets. Extending the classical substitutes condition to markets with externalities, we establish that stable matchings exist when agent choices satisfy substitutability. We show that substitutability is a necessary condition for the existence of a stable matching in a maximal-domain sense and provide a characterization of substitutable choice functions. In addition, we extend the standard insights of matching theory, like the existence of side-optimal stable matchings and the deferred acceptance algorithm, to settings with externalities even though the standard fixed-point techniques do not apply.

     
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    Series: Working paper series / University of Zurich, Department of Economics ; no. 392
    Subjects: Matching; externalities; two-sided matching; matching with contracts; stable matching; labor markets; deferred acceptance; substitutes
    Scope: 1 Online-Ressource (circa 51 Seiten), Illustrationen
  19. Qualifikationsmismatch - alles eine Frage der Messmethode?
    Ausmaß und Determinanten von über- und unterqualifizierter Erwerbstätigkeit im Vergleich
    Author: Hall, Anja
    Published: 2021
    Publisher:  Bundesinstitut für Berufsbildung, Bonn

    Qualifikationsmismatches liegen vor, wenn Personen Tätigkeiten ausüben, die vom Anforderungsniveau her nicht zu ihrem Qualifikationsniveau passen. Der taxifahrende Akademiker ist ein oft zitiertes Beispiel für überqualifizierte Erwerbstätigkeit,... more

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    Qualifikationsmismatches liegen vor, wenn Personen Tätigkeiten ausüben, die vom Anforderungsniveau her nicht zu ihrem Qualifikationsniveau passen. Der taxifahrende Akademiker ist ein oft zitiertes Beispiel für überqualifizierte Erwerbstätigkeit, wohingegen Unterqualifizierung auftritt, wenn höherwertige Tätigkeiten ausgeübt werden. In der Mismatchforschung gibt es verschiedene Verfahren zur Messung von Über- und Unterqualifizierung. Zu unterscheiden sind insbesondere subjektive Verfahren anhand der Selbsteinschätzung durch die Befragten und objektive bzw. normative Verfahren auf Basis von Experteneinschätzungen. Seit der Einführung der Klassifizierung der Berufe 2010 steht in Deutschland erstmals eine Berufsklassifikation zur Verfügung, die auf der Ebene einzelner Berufe objektive Informationen zum Anforderungsniveau bereitstellt. Im vorliegenden WDP wird auf Basis der repräsentativen BIBB/BAuA-Erwerbstätigenbefragung 2018 untersucht, ob die Inzidenz und die Determinanten von Über- und Unterqualifizierung robust gegenüber den beiden Messkonzepten sind. Die Ergebnisse zeigen, dass die Inzidenz von Unterqualifizierung mit der objektiven Messung im Durchschnitt rund doppelt so hoch liegt wie mit der subjektiven Messung, wohingegen sich Überqualifizierung im Ausmaß kaum zwischen den Messkonzepten unterscheidet. Allerdings zeigen sich heterogene Effekte des Bildungsabschlusses je nach Messmethode: Für beruflich Qualifizierte werden mit der objektiven Messung geringere und für akademisch Qualifizierte höhere Überqualifizierungsquoten erzielt als mit der subjektiven Messung.

     
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    Language: German
    Media type: Ebook
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    ISBN: 9783962082833
    Other identifier:
    hdl: 10419/242113
    Series: Wissenschaftliche Diskussionspapiere / Bundesinstitut für Berufsbildung ; Heft 229
    Subjects: Überqualifikation; Qualifikation; Messung; Matching; Berufsgruppe; Deutschland; Unterqualifikation
    Scope: 1 Online-Ressource (circa 56 Seiten), Illustrationen
  20. Dynamic assignment without money: optimality of spot mechanisms
    Author: Combe, Julien; Nora, Vladyslav; Tercieux, Olivier
    Published: [2021]
    Publisher:  Center for Research in Economics and Statistics, Palaiseau, France

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    Series: Working paper series / Center for Research in Economics and Statistics ; no. 2021, 11 (July 2021)
    Subjects: Matching; Marktmechanismus; Allokation; Allokationseffizienz
    Scope: 1 Online-Ressource (circa 36 Seiten)
  21. Screening and signaling non-cognitive skills
    experimental evidence from Uganda
    Author: Bassi, Vittorio; Nansamba, Aisha
    Published: 13 September 2021
    Publisher:  Centre for Economic Policy Research, London

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    Series: Array ; DP16546
    Subjects: Qualifikation; Soziale Kompetenz; Personalauswahl; Matching; Experiment; Signalling; Uganda
    Scope: 1 Online-Ressource (circa 86 Seiten)
  22. Inattention and Inequity in School Matching
    Author: Bucher, Stefan F.; Caplin, Andrew
    Published: 2021
    Publisher:  National Bureau of Economic Research, Cambridge, Mass

    The attractive properties of the Deferred Acceptance (DA) algorithm rest on the assumption of perfect information. Yet field studies of school matching show that information is imperfect, particularly for disadvantaged students. We model costly... more

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    The attractive properties of the Deferred Acceptance (DA) algorithm rest on the assumption of perfect information. Yet field studies of school matching show that information is imperfect, particularly for disadvantaged students. We model costly strategic learning when schools are ex ante symmetric, agree on their ranking of students, and learning is rationally inattentive. Our analytic solution quantifies how each student's rank, learning costs and prior beliefs interact to determine their gross and net welfare as well as the extent and form of mistakes they make. In line with the evidence, we find that lower-ranked students are affected disproportionately more by information costs, generally suffering a larger welfare loss than higher-ranked students. Interactions between mechanism design, inattention and inequity are thus of first order importance

     
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    Series: NBER working paper series ; no. w29586
    Subjects: Schüler; Schulauswahl; Bildungsverhalten; Bildungsniveau; Matching; Asymmetrische Information; Mechanismus-Design-Theorie; USA
    Scope: 1 Online-Ressource, illustrations (black and white)
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  23. Information, Intermediaries, and International Migration
    Author: Bazzi, Samuel; Cameron, Lisa; Schaner, Simone; Witoelar, Firman
    Published: 2021
    Publisher:  National Bureau of Economic Research, Cambridge, Mass

    Job seekers often face substantial information frictions related to potential job quality. This is especially true in international labor markets, where intermediaries match prospective migrants with employers abroad. We conducted a randomized trial... more

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    Job seekers often face substantial information frictions related to potential job quality. This is especially true in international labor markets, where intermediaries match prospective migrants with employers abroad. We conducted a randomized trial in Indonesia to explore how information about intermediary quality shapes migration choices and outcomes. Information reduces the migration rate, lowering use of low-quality intermediaries. However, workers who migrate receive better pre-departure preparation and have higher-quality job experiences abroad, despite no change in occupation or destination. Information does not change intentions to migrate or beliefs about the return to migration or intermediary quality. Nor does selection explain the improved outcomes for workers who choose to migrate with the information. Together, our findings are consistent with an increase in the option value of search: with better ability to differentiate offer quality, workers become choosier and ultimately have better migration experiences. This offers a new perspective on the importance of information and matching frictions in global labor markets

     
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    Series: NBER working paper series ; no. w29588
    Subjects: Arbeitsmigranten; Internationale Migration; Arbeitsuche; Arbeitsvermittlung; Personalberatung; Matching; Indonesien; $BVerfasserIn$4aut
    Scope: 1 Online-Ressource, illustrations (black and white)
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  24. Paying to match
    decentralized markets with information frictions
    Author: Agranov, Marina; Dianat, Ahrash; Samuelson, Larry; Yariv, Leeat
    Published: January 3, 2021
    Publisher:  Benjamin H. Griswold III, Class of 1933, Center for Economic Policy Studies, Department of Economics, Princeton University, Princeton, NJ

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    Series: Working paper / Griswold Center for Economic Policy Studies ; no. 273
    Subjects: Marktmechanismus; Matching; Unvollkommene Information; Stabilität eines Gleichgewichts; Theorie
    Scope: 1 Online-Ressource (circa 45 Seiten), Illustrationen
  25. Matching in the Dark? Inequalities in student to degree match
    Author: Campbell, Stuart; Macmillan, Lindsey; Murphy, Richard; Wyness, Gillian
    Published: 2021
    Publisher:  National Bureau of Economic Research, Cambridge, Mass

    This paper examines inequalities in the match between student and degree quality using linked administrative data from schools, universities and tax authorities. We analyse two measures of match at the university-subject level: undergraduate... more

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    This paper examines inequalities in the match between student and degree quality using linked administrative data from schools, universities and tax authorities. We analyse two measures of match at the university-subject level: undergraduate enrollment qualifications, and graduate earnings. We find for both that disadvantaged students match to lower quality degrees across the entire distribution of achievement, in a setting with uniform fees and a generous financial aid system. While there are negligible gender gaps in academic match, high-attaining women systematically undermatch in terms of expected earnings, driven by subject choice. These inequalities in match are largest among the most undermatched

     
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    Series: NBER working paper series ; no. w29215
    Subjects: Studierende; Qualifikation; Matching; Studium; Hochschule; Großbritannien
    Scope: 1 Online-Ressource, illustrations (black and white)
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