This paper extends the job market signaling model of Spence (1973) by allowing firms to learn the ability of their … select a unique separating equilibrium. When the Intuitive Criterion bites and information is purely asymmetric, the …

incorporating a limited amount of information from the demand side of the market, we are able to obtain credible and precise …

We show that in a search/matching model with endogenous participation in which workers are heterogeneous with respect …