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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/10014250931
The National Job Corps Study (NJCS) was a four-year longitudinal social experiment that randomized over 15,000 Job Corps eligible applicants into treatment and control groups. Experimental estimators revealed a positive impact of Job Corps training in the weekly earnings of white and black...
Persistent link: https://www.econbiz.de/10002995299
requirements at each Army branch in military cadet matching and diversity considerations in school choice, whereby school districts … the mechanism is run). We show that these current solutions ignore important information contained in the submitted … properties. We expect the use of our mechanisms to improve the performance of matching markets with distributional constraints in …
Persistent link: https://www.econbiz.de/10011705212
to schooling and aggregate welfare. -- Human capital ; job destruction ; matching frictions ; efficiency …
Persistent link: https://www.econbiz.de/10003941789
We introduce a generalization of the school choice problem motivated by the following observations: students are assigned to grades within schools, many students have siblings who are applying as well, and school districts commonly guarantee that siblings will attend the same school. This last...
Persistent link: https://www.econbiz.de/10012806613
, and the intrinsic difficulty of embedding diversity goals into stable matching mechanisms. Under some regularity …
Persistent link: https://www.econbiz.de/10014135108
Pathak and Sönmez (2013) provided support for many real-world school choice reforms by showing that the post-reform mechanisms are often “less manipulable” than the pre-reform mechanisms according to their criterion of manipulability. In many realistic preference domains including...
Persistent link: https://www.econbiz.de/10013309437
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 plays a key role in markets with consumer choice. In education, data on schools is often gathered through … distortions in school quality information. These distorted quality signals affect parents' school choice and induce misallocation …
Persistent link: https://www.econbiz.de/10012854499
This study examines the labor-market returns of skill signals. We identify the labor-market effect of grade point averages (GPA) by leveraging a nationwide change in the scaling of grades in Danish universities. Results show that a reform-induced increase in GPA that is unrelated to ability...
Persistent link: https://www.econbiz.de/10012487071