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    Directed-job match with heterogeneity

    Hori, Ken (2007) Directed-job match with heterogeneity. Working Paper. Birkbeck, University of London, London, UK.

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    Matching process involves three stages of selection: application, candidates selection and job acceptance. In traditional matching models all three stages are assumed random, while in the directed-search literature only the first stage is generally assumed ‘directed’. This paper develops a job-matching model where all three selection stages are directed, by introducing heterogeneous preferences of firms and workers. Both firm-level and aggregate matching functions are derived, which in a comparison with random-matching models reveals that the coordination failure problem is worse under heterogeneous directed-match when the number of vacancies is small, but is better when it is large. Furthermore directed-search limits friction when the market consists of fewer but larger firms


    Item Type: Monograph (Working Paper)
    Additional Information: Birkbeck Working Paper 0514
    School: School of Business, Economics & Informatics > Economics, Mathematics and Statistics
    Depositing User: Sarah Hall
    Date Deposited: 02 Jun 2020 07:16
    Last Modified: 12 Jan 2023 09:03


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