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 …. -- Signaling ; job markets ; education ; employer learning ; intuitive criterion …

provide a framework with microeconomic foundations that give rise to matching frictions, which can be used to understand the … indeed, more frequently used aggregate matching technology. Existing differences turn out to be crucial for the empirical …

The Australian Government launched the My School website in 2010 to provide standardised information about the quality … Victoria to estimate the effect of the publication of school quality information on property prices. We use a difference …-in-difference approach to estimate the causal effect of the release of information about high-quality and low-quality schools relative to …

explores problems of contract efficiency in the face of information asymmetries between the firm and the worker. We first … ; overtime ; premium pay ; specific human capital ; asymmetric information …

Wage determination under asymmetric information generates inefficiencies due to excess turnover. Severance pay and … taxes in the case where the relevant private information is exponentially distributed. -- Bargaining ; asymmetric … information ; employment protection legislation ; inefficient job separations …

wage-hours contracts within the framework of a two-period specific human capital model with asymmetric information. The …