I show that the equilibrium distribution of matches associated with the empirical transferable utility one-to-one matching (TUM) model introduced by Choo and Siow (2006a…
I show that the equilibrium distribution of matches associated with the empirical transferable utility one-to-one matching (TUM) model introduced by Choo and Siow (2006a, 2006b) corresponds to the fixed point of system of nonlinear equations; with and respectively equal to the number of discrete types of women and men. I use this representation to derive new comparative static results, showing how the match distribution varies with match surplus and the marginal distributions of agent types.
We provide a geometric formulation of the problem of identification of the matching surplus function and we show how the estimation problem can be solved by the…
We provide a geometric formulation of the problem of identification of the matching surplus function and we show how the estimation problem can be solved by the introduction of a generalized entropy function over the set of matchings.
We develop and estimate an empirical collective model with endogenous marriage formation, participation, and family labor supply. Intra-household transfers arise…
We develop and estimate an empirical collective model with endogenous marriage formation, participation, and family labor supply. Intra-household transfers arise endogenously as the transfers that clear the marriage market. The intra-household allocation can be recovered from observations on marriage decisions. Introducing the marriage market in the collective model allows us to independently estimate transfers from labor supplies and from marriage decisions. We estimate a semiparametric version of our model using 1980, 1990, and 2000 US Census data. Estimates of the model using marriage data are much more consistent with the theoretical predictions than estimates derived from labor supply.
We propose a methodology for estimating preference parameters in matching models. Our estimator applies to repeated observations of matchings among a fixed group of individuals. Our estimator is based on the stability conditions in matching models; we consider both transferable (TU) and nontransferable utility (NTU) models. In both cases, the stability conditions yield moment inequalities which can be taken to the data. The preference parameters are partially identified. We consider simple illustrative examples, and also an empirical application to aggregate marriage markets.
The authors propose an Markov Chain Monte Carlo (MCMC) method for estimating a class of linear sum assignment problems (LSAP; the discrete case of the optimal transport problems). Prominent examples include multi-item auctions and mergers in industrial organizations. This contribution is to decompose the joint likelihood of the allocation and prices by exploiting the primal and dual linear programming formulation of the underlying LSAP. Our decomposition, coupled with the data augmentation technique, leads to an MCMC sampler without a repeated model-solving phase.
Using micro data from CPS for the period 1995–2011 we investigate effects of Common Law Marriage (CLM) on labor outcomes and using the ATUS for the period 2003–2011 we…
Using micro data from CPS for the period 1995–2011 we investigate effects of Common Law Marriage (CLM) on labor outcomes and using the ATUS for the period 2003–2011 we study its effects on household production and leisure. Identification of CLM effects arises through cross-state variation and variation over time, as three states abolished CLM over the period examined in the CPS data. Labor supply effects of CLM availability are negative for married women: for instance, weekly hours of work are reduced by 1–2 hours. In addition, some CLM effects on married men’s labor supply are positive. Consequently, the abolition of CLM in some states helps explain the convergence of men and women’s labor supply. Negative CLM effects on married women’s labor supply are limited to white, Hispanic, college-educated women, and women with children. There is little evidence of effects of CLM on leisure and household production. A conceptual framework based on the concept of Work-In-Household, marriage market analysis, and the assumption of traditional gender roles helps explain gender differentials in the effects of CLM on labor supply and why these effects are larger for white and college-educated women.
Knowledge creation relies on melding powerful technological tools with efficient human organizations. Digital libraries (DLs) provide the technological mechanisms to cross…
Knowledge creation relies on melding powerful technological tools with efficient human organizations. Digital libraries (DLs) provide the technological mechanisms to cross national and disciplinary boundaries, and promote an organizational structure that encourages communication between scholars who are both creating and consuming information. The DL is especially good at coordinating and integrating findings about a specific topic that is being studied by different disciplines and different nations, which is an essential component to further our knowledge. This paper will briefly outline the knowledge creation process, and will introduce the author’s SEEK model (structure for encompassing extensible knowledge) that provides a framework for exploring the relationship between technology and human organizations in international interdisciplinary knowledge creation. The paper will also introduce two models of electronically‐based scholarly organizations that promote international collaboration and facilitate knowledge creation, and will offer eight steps towards building the effective organization for utilizing DLs for international collaboration.
This paper aims to present an approach to the knowledge‐based economy that focuses on the developmental synergies between technology (especially information and communication technologies), culture and place (hub) as expressed in the innovative milieu of the inner city.
This paper draws on research in city and urban planning, which emphasizes the importance of quality of a place, location or city and the more intentional emphasis given to development of human and cultural resources, which are conducive to innovation, learning, creativity and change in a knowledge‐based economy.
Singapore is chosen as a case study of analysis for a knowledge‐based economy in transition because of its developmental approach and strategic shift from one focused on technology‐intensive sectors to one focused on high knowledge‐intensive companies and towards a free‐spirited dynamic creative hub in the making. It displays many characteristics typical of a knowledge‐based economy in which people, their ideas and capabilities are the key sources of wealth and opportunities.
The paper observes a missing link in the transition from technology to knowledge to culture hub, which might have implications for Singapore's effort towards establishing itself as a cultural industries metropolis, a renaissance city using culture to re‐position its international image as a global city for the arts.
The originality and value of the paper lie in this analysis, which makes one conclude that, although Singapore's developmental model had created benefits in many ways, it had also negatively constrained its development, particularly in the area of knowledge creation and application to entrepreneurship, innovation and creativity.