Education-job mismatches are reported to have serious effects on wages and other labour market outcomes. Such results are often cited in support of assignment theory, but can also be explained by institutional and human capital models. To test the assignment explanation, we examine the relation between educational mismatches and skill mismatches. In line with earlier research, educational misma...

This paper presents a structural model of sequential job search, in which the individual decision makers incorporate labour supply in the job acceptance decision. The model satisfies the reservation wage property. Given the level of the offered wage rate, individuals can choose the number of weekly working hours optimally, by maximizing utility subject to the budget constraint, Specific attenti...

We contrast Granovetter’s hypothesis (Granovetter, M. (1973). American Journal of Sociology, 78, 1360–1380; Granovetter, M. (1974). Getting a Job: A Study of Contacts and Careers. University of Chicago Press; Granovetter, M. (1995). Getting a Job: A Study of Contacts and Careers. University of Chicago Press) that social networks help individuals to find better-paid jobs with a new model, which ...

Beam Search is a heuristic method for solving optimization problems. It is an adaptation of the branch and bound method in which only some nodes are evaluated in the search tree. At any level, only the promising nodes are kept for further branching and remaining nodes are pruned o€ permanently. In this paper, we develop a beam search based scheduling algorithm for the job shop problem. Both the...

The high cost of searching for employers borne by prospective employees increases friction in the labor market and inhibits formation of e¢ cient employer-employee relationships. It is conventionally agreed that mechanisms that reduce the search costs (e.g., internet portals for job search) lower unemployment and improve overall welfare. We demonstrate that a reduction of the search costs may h...

Locus of Control and Job Search Strategies Standard job search theory assumes that unemployed individuals have perfect information about the effect of their search effort on the job offer arrival rate. In this paper, we present an alternative model which assumes instead that each individual has a subjective belief about the impact of his or her search effort on the rate at which job offers arri...