Counting Steps for Re-Stabilization in a Labor Matching Market

Agustín Bonifacio, Nadia Guiñazú, Noelia Juarez, Pablo Neme and Jorge Oviedo
Additional contact information
Nadia Guiñazú: UNSL-CONICET
Pablo Neme: UNSL-CONICET
Jorge Oviedo: UNSL-CONICET

No 328, Working Papers from Red Nacional de Investigadores en Economía (RedNIE)

Abstract: We study a one-to-one labor matching market. If a worker considers resigning from her current job to obtain a better one, how long does it take for this worker to actually get it? We present an algorithm that models this situation as a re-stabilization process involving a vacancy chain. Each step of the algorithm is a link of such a chain. We show that the length of this vacancy chain, which can be interpreted as the time the worker has to wait for her new job, is intimately connected with the lattice structure of the set of stable matchings of the market. Namely, this length can be computed by considering the cardinalities of cycles in preferences derived from the initial and final stable matchings involved.

Keywords: Labor markets; stable matchings; re-stabilizing process; cycles in preferences. (search for similar items in EconPapers)
JEL-codes: C78 D47 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2024-07
New Economics Papers: this item is included in nep-des
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https://rednie.eco.unc.edu.ar/files/DT/328.pdf (application/pdf)

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Working Paper: Counting steps for re-stabilization in a labor matching market (2024)
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Persistent link: https://EconPapers.repec.org/RePEc:aoz:wpaper:328

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