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Counting steps for re-stabilization in a labor matching market

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Listed:
  • Agustin G. Bonifacio
  • Nadia Gui~nazu
  • Noelia Juarez
  • Pablo Neme
  • Jorge Oviedo

Abstract

We study a one-to-one labor matching market. If a worker considers resigning from her current job to obtain a better one, how long does it take for this worker to actually get it? We present an algorithm that models this situation as a re-stabilization process involving a vacancy chain. Each step of the algorithm is a link of such a chain. We show that the length of this vacancy chain, which can be interpreted as the time the worker has to wait for her new job, is intimately connected with the lattice structure of the set of stable matchings of the market. Namely, this length can be computed by considering the cardinalities of cycles in preferences derived from the initial and final stable matchings involved.

Suggested Citation

  • Agustin G. Bonifacio & Nadia Gui~nazu & Noelia Juarez & Pablo Neme & Jorge Oviedo, 2024. "Counting steps for re-stabilization in a labor matching market," Papers 2405.07084, arXiv.org.
    • Handle: RePEc:arx:papers:2405.07084
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    File URL: http://arxiv.org/pdf/2405.07084
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