Job security, stability, and production efficiency
We study a two-sided matching market with a set of heterogeneous firms and workers in an environment where jobs are secured by regulation. Without job security Kelso and Crawford have shown that stable outcomes and efficiency prevail when all workers are gross substitutes to each firm. It turns out...
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| Veröffentlicht in: | Theoretical economics 2017, Vol.12 (1), p.1-24 |
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| container_title | Theoretical economics |
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| creator | Fu, Hu Kleinberg, Robert D Lavi, Ron Smorodinsky, Rann |
| description | We study a two-sided matching market with a set of heterogeneous firms and workers in an environment where jobs are secured by regulation. Without job security Kelso and Crawford have shown that stable outcomes and efficiency prevail when all workers are gross substitutes to each firm. It turns out that by introducing job security, stability and efficiency may still prevail, and even for a significantly broader class of production functions. |
| doi_str_mv | 10.3982/TE2016 |
| format | Article |
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| ispartof | Theoretical economics, 2017, Vol.12 (1), p.1-24 |
| issn | 1555-7561 1933-6837 1555-7561 |
| language | eng |
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| source | Wiley Online Library Open Access; Wiley Online Library Journals Frontfile Complete; EZB-FREE-00999 freely available EZB journals |
| subjects | C78 D44 D82 Economic theory Efficiency efficiency Employment security Externality Job security Labor market Matching stability Unemployment insurance Work environment Workers |
| title | Job security, stability, and production efficiency |
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