Becker meets Ricardo: Multisector matching with social and cognitive skills

Arbeitspapier

This paper presents a tractable framework for studying frictionless matching in school, work, and marriage when individuals have heterogeneous social and cognitive skills. In the model, there are gains to specialization and team production, but specialization requires communication and coordination between team members, and individuals with more social skills communicate and coordinate at lower resource cost. The theory delivers full task specialization in the labor and education markets, but incomplete specialization in marriage. It also captures well-known matching patterns in each of these sectors, including the commonly observed many-to-one matches in firms and schools. Equilibrium is equivalent to the solution of a utilitarian social planner solving a linear programming problem.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: IZA Discussion Papers ; No. 6533

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity ; Marriage; Marital Dissolution; Family Structure; Domestic Abuse ; Human Capital; Skills; Occupational Choice; Labor Productivity ; Wage Level and Structure; Wage Differentials
• Thema: social skill ; cognitive skill ; matching ; sorting ; education ; labor ; marriage ; social welfare ; linear programming ; Kognition ; Matching ; Schule ; Arbeitsgruppe ; Ehe ; Soziale Wohlfahrtsfunktion ; Mathematische Optimierung ; Theorie

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): McCann, Robert J. ; Shi, Xianwen ; Siow, Aloysius ; Wolthoff, Ronald P.
• Ereignis: Veröffentlichung
• (wer): Institute for the Study of Labor (IZA)
• (wo): Bonn
• (wann): 2012

Weitere Informationen

• Handle: http://hdl.handle.net/10419/58593
• URN: urn:nbn:de:101:1-2012081612244
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ