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Seminar

Department of Economics Spring Seminar Series

Hanzhe Zhang

Date:
Time:
9:30 am – 11:00 am
Louise Pound Hall Room: 222
512 N 12th St
Lincoln NE 68508
Additional Info: LPH
Contact:
Department of Economics, (402) 472-2319, cbaecon@unl.edu
Hanzhe Zhang is an assistant professor of economics at Michigan State University. His research interests are microeconomic theory (matching theory, auction theory, and evolutionary economics) and labor and family economics. His current research investigates
how interactions between human capital investments and marriage market in an equilibrium framework explain college gender gap, the evolving relationships between income and marriage age, and gender differences in occupational choices.

Abstract: This paper initiates the investigation into pre-matching gambles. Examples of pre-matching gambles include occupational choices before the marriage market, college major choices before the labor market, and financial portfolio management to attract
future investors. Surprisingly, people take risky investments they would have not taken if not for the subsequent participation in competitive matching markets. A fundamental and unique feature of the competitive matching market, which I call the competitive rematching effect, drives pre-matching gambles. The competitive rematching effect drives gambling independently of the shape of the surplus function contrary to the possible misconception that surplus supermodularity and positive-assortative matching play a role. The paper discusses implications to efficiency and inequality associated with gambles. Finally, the paper applies the model to study occupational choices with marital concerns.

http://go.unl.edu/econ-seminars

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This event originated in Economics.