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Heterogenous match efficiency

Author

Listed:
  • Ito, Seiro

Abstract

In this paper, we show a model with one-sided endogenous match efficiency. It is assumed that schooling can enhance match efficiency, and people will choose the schooling level optimally to balance its costs and benefits of enhanced match efficiency. Assuming a financial market imperfection which limits individuals to borrow, we showed that, in equilibrium, when educational achievements can be characterised by dicohotomy (secondary vs. tertiary), tertiary education gives higher wages even it only has pure match efficiency (signalling) value with no human capital value. We also showed that relative match efficiency vis-a-vis its mean matters in wage levels.

Suggested Citation

  • Ito, Seiro, 2016. "Heterogenous match efficiency," IDE Discussion Papers 604, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    • Handle: RePEc:jet:dpaper:dpaper604
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    File URL: https://ir.ide.go.jp/?action=repository_action_common_download&item_id=37582&item_no=1&attribute_id=22&file_no=1
    File Function: First version, 2016
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    More about this item

    Keywords

    Labor market; Employment; Education; Job search; Signaling; Match efficiency;
    All these keywords.

    JEL classification:

    • J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search

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