Abstract

http://ssrn.com/abstract=2048554
 
 

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Becker Meets Ricardo: Multisector Matching with Social and Cognitive Skills


Robert J. McCann


University of Toronto - Department of Mathematics

Xianwen Shi


University of Toronto - Department of Economics

Aloysius Siow


University of Toronto - Department of Economics; Institute for the Study of Labor (IZA)

Ronald P. Wolthoff


University of Toronto - Department of Economics; Institute for the Study of Labor (IZA)

April 26, 2012


Abstract:     
This paper presents a tractable framework for studying frictionless matching in school, work, and marriage when individuals have heterogeneous social and cognitive skills. In the model, there are gains to specialization and team production, but specialization requires communication and coordination between team members, and individuals with more social skills communicate and coordinate at lower resource cost. The theory delivers full task specialization in the labor and education markets, but incomplete specialization in marriage. It also captures well-known matching patterns in each of these sectors, including the commonly observed many-to-one matches in firms and schools. Equilibrium is equivalent to the solution of an utilitarian social planner solving a linear programming problem.

Number of Pages in PDF File: 46

Keywords: matching, specialization, task assignment, span of control

JEL Classification: C78, J24, J31, D50

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Date posted: April 30, 2012  

Suggested Citation

McCann, Robert J. and Shi, Xianwen and Siow, Aloysius and Wolthoff, Ronald P., Becker Meets Ricardo: Multisector Matching with Social and Cognitive Skills (April 26, 2012). Available at SSRN: http://ssrn.com/abstract=2048554 or http://dx.doi.org/10.2139/ssrn.2048554

Contact Information

Robert J. McCann
University of Toronto - Department of Mathematics ( email )
Toronto, Ontario M5S 3G3
Canada
Xianwen Shi (Contact Author)
University of Toronto - Department of Economics ( email )
150 St. George Street
Toronto, Ontario M5S 3G3
Canada
HOME PAGE: http://individual.utoronto.ca/xianwenshi/
Aloysius Siow
University of Toronto - Department of Economics ( email )
150 St. George Street
Toronto, Ontario M5S 3G7
Canada
416-978-4139 (Phone)
416-978-6713 (Fax)
Institute for the Study of Labor (IZA)
P.O. Box 7240
Bonn, D-53072
Germany
Ronald P. Wolthoff
University of Toronto - Department of Economics ( email )
150 St. George Street
Toronto, Ontario M5S 3G7
Canada
Institute for the Study of Labor (IZA)
P.O. Box 7240
Bonn, D-53072
Germany
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