Efficiency in a search and matching model with participation policy

C-Tier
Journal: Economics Letters
Year: 2015
Volume: 134
Issue: C
Pages: 111-113

Score contribution per author:

1.005 = (α=2.01 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This note presents a random search and matching model with ex ante heterogeneity in worker productivity. A Social Planner with the power to prevent labor market participation by the least productive is shown to increase economic efficiency. This is true even at the Hosios rule which, under worker homogeneity, implements the constrained efficient allocation.

Technical Details

RePEc Handle
repec:eee:ecolet:v:134:y:2015:i:c:p:111-113
Journal Field
General
Author Count
1
Added to Database
2026-01-25