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Assortative Matching and Search
Open accessAbstract
In Becker's (1973) neoclassical marriage market model, matching is positively assortative if types are complements: i.e. match output f(x, y) is supermodular in x and y. We reprise this famous result assuming time-intensive partner search and transferable output. We prove existence of a search equilibrium with a continuum of types, and then characterize matching. After showing that Becker's conditions on match output no longer suffice for assortative matching, we find sufficient conditions valid for any search frictions and type distribution: supermodularity not only of output f , but also of log f x and log f xy . Symmetric submodularity conditions imply negatively assortative matching. Examples show these conditions are necessary.
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Cited by
Search-Theoretic Models of the Labor Market: A Survey
Rogerson, R., Shimer, R., & Wright, R. (2005) · Journal of Economic Literature · doi:10.1257/002205105775362014 · Cited by 1,051
Self-citationChanges in Unemployment and Wage Inequality: An Alternative Theory and Some Evidence
Acemoglu, D. (1999) · American Economic Review · doi:10.1257/aer.89.5.1259 · Cited by 634
Early Marriage, Age of Menarche, and Female Schooling Attainment in Bangladesh
Field, E., & Ambrus, A. (2008) · Journal of Political Economy · doi:10.1086/593333 · Cited by 592
Gender Differences in Mate Selection: Evidence From a Speed Dating Experiment
Fisman, R., Iyengar, S. S., Kamenica, E., & Simonson, I. (2006) · The Quarterly Journal of Economics · doi:10.1162/qjec.2006.121.2.673 · Cited by 522
Metadata
- Authors
- Shimer, R., & Smith, L.
- Venue
- Econometrica
- Publisher
- The Econometric Society
- Published
- 2000-03
- Volume
- 68
- Issue
- 2
- Pages
- 343-369
- ISSN
- 0012-9682 (ISSN-L)
- 1468-0262
- OpenAlex
- W2155424087
- Cited by
- 761
- References
- 0
- FWCI
- 33.10
- Type
- journal article
- Language
- en
- Open access
- green
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