Distortions, Endogenous Managerial Skills and Productivity Differences     distortions  size  skill investments  productivity differences       font style='font-size:12px;'> 2012/10/23

We develop a span-of-control model where managerial skills are endogenous and the outcome of investments over the life cycle of managers. We calibrate this model to U.S plant-size data to quantify the...

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Accounting For Endogenous Search Behavior in Matching Function Estimation     matching function estimation  unemployment  vacancies  job finding       font style='font-size:12px;'> 2012/10/26

We show that equilibrium matching models imply that standard estimates of the matching function elasticities are exposed to an endogeneity bias, which arises from the search behavior of agents on eith...

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