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Equilibrium Search with Multiple Attributes and the Impact of Equal Opportunities for Women

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  • Melvyn G. Coles
  • Marco Francesconi

Abstract

This paper considers equilibrium two-sided search with ex ante heterogeneous agents, vectors of attributes, and idiosyncratic match draws. The analysis applies to a large class of models, from the nontransferable utility case to the collective household model with bargaining, for which transferable utility is a special case. The approach is powerful for it identifies a simple algorithm that, in our numerical application, is found to rapidly converge to equilibrium. Our application explores the impact of equal opportunities for women in the labor market on female match incentives and the timing of marriage.

Suggested Citation

  • Melvyn G. Coles & Marco Francesconi, 2019. "Equilibrium Search with Multiple Attributes and the Impact of Equal Opportunities for Women," Journal of Political Economy, University of Chicago Press, vol. 127(1), pages 138-162.
    • Handle: RePEc:ucp:jpolec:doi:10.1086/700731
    DOI: 10.1086/700731
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    Cited by:

    1. Stephan Lauermann & Georg Nöldeke & Thomas Tröger, 2020. "The Balance Condition in Search‐and‐Matching Models," Econometrica, Econometric Society, vol. 88(2), pages 595-618, March.
    2. Anna NASZODI & Francisco Mendonca, 2024. "Changing educational homogamy: shifting preferences or evolving educational distribution?," JODE - Journal of Demographic Economics, Cambridge University Press, vol. 90(2), pages 256-284, June.
    3. Nicola Barban & Elisabetta De Cao & Marco Francesconi, 2021. "Gene-Environment Effects on Female Fertility," CESifo Working Paper Series 9337, CESifo.
    4. Giorgio Gronchi & Elena Parilina & Alessandro Tampieri, 2021. "Plenty of Fish in the Sea: Divorce Choice and the Quality of Singles," Mathematics, MDPI, vol. 9(23), pages 1-33, November.
    5. Freund, L. B., 2022. "Superstar Teams: The Micro Origins and Macro Implications of Coworker Complementarities," Janeway Institute Working Papers 2235, Faculty of Economics, University of Cambridge.
    6. Hanno Foerster & Tim Obermeier & Bastian Schulz, 2024. "Job displacement, remarriage and marital sorting," CEP Discussion Papers dp2045, Centre for Economic Performance, LSE.
    7. Alfred Galichon & Simon Weber, 2024. "Matching under Imperfectly Transferable Utility," Papers 2403.05222, arXiv.org, revised Oct 2024.

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