Alós-Ferrer, Carlos; Prat, Julien - Institute for the Study of Labor (IZA) - 2008
employees over time. Contrary to the model without employer learning, we find that the Intuitive Criterion does not always … select a unique separating equilibrium. When the Intuitive Criterion bites and information is purely asymmetric, the … uncertain about their productivity, the separating level of education is ambiguously related to the speed of employer learning. …