Job security, stability, and production efficiency

Hu Fu; Robert D. Kleinberg; Ron Lavi; Rann Smorodinsky

doi:10.3982/TE2016

Job security, stability, and production efficiency

Hu Fu
, Robert D. Kleinberg
, Ron Lavi
, Rann Smorodinsky

Data and Decision Sciences

Technion - Israel Institute of Technology

Research output: Contribution to journal › Article › peer-review

Abstract

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.

Original language	English
Pages (from-to)	1-24
Number of pages	24
Journal	Theoretical Economics
Volume	12
Issue number	1
DOIs	https://doi.org/10.3982/TE2016
State	Published - 1 Jan 2017

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth

Keywords

Matching
efficiency
job security
labor market
stability

ASJC Scopus subject areas

Economics, Econometrics and Finance(all)

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10.3982/TE2016

Cite this

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abstract = "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.",

keywords = "Matching, efficiency, job security, labor market, stability",

author = "Hu Fu and Kleinberg, \{Robert D.\} and Ron Lavi and Rann Smorodinsky",

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N2 - 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.

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Job security, stability, and production efficiency

Abstract

UN SDGs

Keywords

ASJC Scopus subject areas

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