TY  - RPRT
        AU  - McCann, Robert J.
AU  - Shi, Xianwen
AU  - Siow, Aloysius
AU  - Wolthoff, Ronald P.
        TI  - Becker Meets Ricardo: Multisector Matching with Social and Cognitive Skills
        PY  - 2012/Apr/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 6533
        UR  - https://www.iza.org/index.php/publications/dp6533
        AB  - 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 a utilitarian social planner solving a linear programming problem.
        KW  - social welfare
KW  - social skill
KW  - cognitive skill
KW  - matching
KW  - sorting
KW  - education
KW  - labor
KW  - marriage
KW  - linear programming
        ER  -