G2TT
来源类型Discussion paper
规范类型论文
来源IDDP3044
DP3044 A Discrete-Time Stochastic Model of Job Matching
Yves Zenou; Tony Smith
发表日期2001-11-01
出版年2001
语种英语
摘要This Paper examines the interactions between household matching, inequality, and per capita income. We develop a model in which agents decide whether to become skilled or unskilled, form households, consume and have children. We show that the equilibrium sorting of spouses by skill type (their correlation in education) is increasing as a function of the skill premium. In the absence of perfect capital markets, the economy can converge to different steady states, depending upon initial conditions. The degree of marital sorting, wage inequality, per capita income and fertility differentials are positively correlated across steady states. We use household surveys from 34 countries to construct several measures of the skill premium and of the degree of correlation of spouses? education (marital sorting). For all our measures, we find a positive and significant relationship between the two variables.
主题International Macroeconomics ; Labour Economics ; Public Economics
关键词Education Assortative matching Fertility Growth Human capital
URLhttps://cepr.org/publications/dp3044
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/532075
推荐引用方式
GB/T 7714
Yves Zenou,Tony Smith. DP3044 A Discrete-Time Stochastic Model of Job Matching. 2001.
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