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on perceived signaling and human capital effects. We elicit counterfactual labor market expectations for the hypothetical …-individual fixed effects models, we document substantial expected labor market returns from signaling, whereas perceived productivity …
Persistent link: https://www.econbiz.de/10012293817
Persistent link: https://www.econbiz.de/10003848271
unique outcome, the worker-optimal matching. …
Persistent link: https://www.econbiz.de/10011593289
It is known that in two-sided many-to-many matching markets, pair-wise stability is not logically related with the … (weak) core, unlike in many-to-one matching markets (Blair, 1988). In this paper, we seek a theoretical foundation for …-partner matching problem that includes two-sided matching problems as special cases. Under the same preference restriction, we also …
Persistent link: https://www.econbiz.de/10011593632
excessively strong incentives and a relatively high expected total compensation. -- reciprocity ; gift-exchange ; signaling game …
Persistent link: https://www.econbiz.de/10009261791
The last decade has seen the burgeoning of several hundred local community currency institutions in cities across the world. Although residents of these communities claim that local currency promotes local development, how if at all it does so has hitherto been unexplored. This paper argues that...
Persistent link: https://www.econbiz.de/10011507689
A pre-condition for employer learning is that signals at labor market entry do not fully reveal graduates' productivity. I model various distinct sources of signal imperfection-such as noise and multi-dimensional types-and characterize their implications for the private return to skill...
Persistent link: https://www.econbiz.de/10014265586
We propose a signaling model of student enrollment dynamics based on probabilities of completion of studies, under …
Persistent link: https://www.econbiz.de/10011421585
information between firms and workers and show that costless signaling is actually harmful in some matching markets. Specifically …A costless signaling mechanism has been proposed as a device to improve welfare in decentralized two-sided matching … facilitates match formation. -- Matching Markets ; Signaling …
Persistent link: https://www.econbiz.de/10008811007
This paper studies how linear tax and education policy should optimally respond to skill-biased technical change (SBTC). SBTC affects optimal taxes and subsidies by changing i) direct distributional benefits, ii) indirect redistributional effects due to wage-(de)compression, and iii) education...
Persistent link: https://www.econbiz.de/10012404588