The Internal Job Market of the IMF's Economist Program

October 1, 2004

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper shows how the internal job market for participants in the IMF Economist Program (EPs) could be redesigned to eliminate most of the shortcomings of the current system. The new design is based on Gale and Shapley's (1962) Deferred Acceptance Algorithm (DAA) and generates an efficient and stable outcome. An Excel-based computer program, EPMatch, implements the algorithm and applies it to the internal job market for EPs. The program can be downloaded from http://www.people.hbs.edu/gbarron/EPMatch_ for_Excel.html

Subject: Labor

Keywords: Africa, deferred acceptance algorithm, entry-level job market, eps exhibit, eps rank, eps' ranking, eps' ROLs, Gale-Shapley, market maker, marriage problem, Matching, preference matrix, rankings of department, rankings of the department, stability, transferring eps, WP

Pages:
28
Volume:
2004
DOI:
https://doi.org/10.5089/9781451859690.001
Issue:
190
Series:
Working Paper No. 2004/190
Stock No:
WPIEA1902004
ISBN:
9781451859690
ISSN:
1018-5941

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