If profit maximizing firms have limited information about the general productivity of new workers, they may choose to … credential value of education will depend on how quickly firms learn. To obtain information on employer learning, we work with a … education. The time path of the coefficient on the unobservable productivity variable provides information about the rate at …

We empirically test an information economics based theory of social preferences in which ego utility and self-signaling … a large price discount for the good. The combined evidence supports the self-signaling theory whereby price discounts … theories of motivation crowding are unable to fit the non-monotonic moments in the data. A structural model of self-signaling …