Equilibrium Search with Multiple Attributes and the Impact of Equal Opportunities for Women

• 成果类型: Article
• 署名作者: Coles, Melvyn G.; Francesconi, Marco
• 署名单位: University of Essex
• 刊物名称: JOURNAL OF POLITICAL ECONOMY
• ISSN/ISSBN: 0022-3808
• DOI: 10.1086/700731
• 发表日期: 2019
• 页码: 138-162
• 关键词: 2-sided search; marriage; education; divorce; MODEL; WAR

摘要

This paper considers equilibrium two-sided search with ex ante heterogeneous agents, vectors of attributes, and idiosyncratic match draws. The analysis applies to a large class of models, from the nontransferable utility case to the collective household model with bargaining, for which transferable utility is a special case. The approach is powerful for it identifies a simple algorithm that, in our numerical application, is found to rapidly converge to equilibrium. Our application explores the impact of equal opportunities for women in the labor market on female match incentives and the timing of marriage.