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Rational Choice And The Tsl Model Of Occupational Opportunity

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  • John Allen Logan

Abstract

Logan (1996b) proposes a two-sided logit (TSL) model for estimating the preferences of workers and employers which determine employment matches in labor markets. Analysis of this model shows that TSL allows empirical estimation of the contribution of both instrumental and immanent values in occupational opportunity, preserving the threefold structure of rational choice described by Hechter (1994). It is also shown that the TSL model is related to a recognized two-sided matching game, and that implicit assumptions of complete information and of stability of all observed matches (at current levels of supply and demand) are fundamental to the TSL estimation method.

Suggested Citation

  • John Allen Logan, 1996. "Rational Choice And The Tsl Model Of Occupational Opportunity," Rationality and Society, , vol. 8(2), pages 207-230, May.
    • Handle: RePEc:sae:ratsoc:v:8:y:1996:i:2:p:207-230
    DOI: 10.1177/104346396008002005
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    References listed on IDEAS

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    1. Roth, Alvin E & Vande Vate, John H, 1990. "Random Paths to Stability in Two-Sided Matching," Econometrica, Econometric Society, vol. 58(6), pages 1475-1480, November.
    2. Michael Hechter, 1994. "The Role of Values in Rational Choice Theory," Rationality and Society, , vol. 6(3), pages 318-333, July.
    3. Roth, Alvin E & Vande Vate, John H, 1991. "Incentives in Two-Sided Matching with Random Stable Mechanisms," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 1(1), pages 31-44, January.
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