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| Author: | Albrecht, J. Vroman, S. |
| Title: | A matching model with endogenous skill requirements |
| Journal: | International Economic Review
2002 : FEB, VOL. 43:1, p. 283-305 |
| Index terms: | Job analysis Job performance Skilled workers Human resource management |
| Language: | eng |
| Abstract: | The authors consider a labour market in which workers differ in their abilities and jobs differ in their skill requirrements. The distribution of worker abilities is exogenous, but they model the choice of skill requirements by firms. High-skill jobs produce more output than low-skill jobs, but high-skill jobs require high-skill workers and thus are more difficult to fill. The authors use a matching model together with a Nash bargaining approach to wage setting to determine the equilibrium mix of job types, along with the equilibrium relationship between worker and job characteristics, wages, and unemployment. |
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