EconPapers    
Economics at your fingertips  
 

THE WELFARE CONSEQUENCES OF A QUANTITATIVE SEARCH AND MATCHING APPROACH TO THE LABOR MARKET

Masanori Kashiwagi

Bulletin of Economic Research, 2018, vol. 70, issue 4, 423-442

Abstract: This paper explores the quantitative impact on welfare of different parametric assumptions about bargaining power in a standard search and matching model of the labor market. This study computes the welfare loss if social efficiency is not attained and finds that, for a broad range of bargaining power, the welfare loss is less than 1 percent of the social optimum. This paper also investigates which aspects of the parameterization are important for welfare consequences. Further, I investigate how the welfare consequences are altered in the presence of a fixed matching cost and increasing returns to scale in the matching function.

Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://doi.org/10.1111/boer.12160

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:buecrs:v:70:y:2018:i:4:p:423-442

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0307-3378

Access Statistics for this article

More articles in Bulletin of Economic Research from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().

 
Page updated 2019-03-31
Handle: RePEc:bla:buecrs:v:70:y:2018:i:4:p:423-442