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Makoto Masui
''Efficiency in a search and matching model with endogenous labor participation and different skill groups''
( 2020, Vol. 40 No.4 )
This study addresses endogenous labor force participation based on a search and matching model with workers' productivity dispersion within different skill groups. I show that equilibrium vacancy creation can be both excessive and insufficient from the viewpoint of economic efficiency, depending on the relative share of workers in a high-skill group.
Keywords: Search, Matching, Participation, Efficiency, Skill groups
JEL: J6 - Mobility, Unemployment, and Vacancies: General
J2 - Demand and Supply of Labor: General
Manuscript Received : Jul 06 2020 Manuscript Accepted : Oct 12 2020

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