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Rational inattention and employer learning
Habermalz, Steffen - 2010
learning model with the theory of rational inattention introduced by Sims (2006). In the model firms optimally allocate …
Persistent link: https://www.econbiz.de/10009300804
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Grades and employer learning
Hansen, Anne Toft; Hvidman, Ulrik; Sievertsen, Hans Henrik - 2021
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
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Signaling and employer learning with instruments
Aryal, Gaurab; Bhuller, Manudeep; Lange, Fabian - 2020
The social and the private returns to education differ when education can increase productivity, and also be used to signal productivity. We show how instrumental variables can be used to separately identify and estimate the social and private returns to education within the employer learning...
Persistent link: https://www.econbiz.de/10012169372
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Job market signaling and employer learning
Alós-Ferrer, Carlos (contributor); Prat, Julien (contributor) - 2008
This paper extends the job market signaling model of Spence (1973) by allowing firms to learn the ability of their 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...
Persistent link: https://www.econbiz.de/10003652697
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Does employer learning vary by schooling attainment? : the answer depends on how career start dates are defined
Light, Audrey; McGee, Andrew D. - 2014
We demonstrate that empirical evidence of employer learning is sensitive to how one defines the career start date and, in turn, measures cumulative work experience. Arcidiacono, Bayer, and Hizmo (2010) find evidence of employer learning for high school graduates but not for college graduates,...
Persistent link: https://www.econbiz.de/10010434598
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Employer learning and the returns to schooling
Bauer, Thomas K.; Haisken-DeNew, John P. - 2000
We examine the dynamic role of education and experience as determinants of wages. It is hypothesized that an employee's education is an important signal to the employer initially. Over time, the returns to schooling should decrease with labor market experience and increase with initially...
Persistent link: https://www.econbiz.de/10011326420
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Information technology and the knowledge elites
Saint-Paul, Gilles - 2001
occupation it may harm some workers while benefitting others; and it may either reduce or increase the proportion of knowledge … workers in employment. In my model, knowledge (in a broad sense) is an input into the production function of human capital …-quality one. People differ in their exogenous ability and ability is complementary with the quality of the knowledge input in the …
Persistent link: https://www.econbiz.de/10011401091
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The speed of employer learning and job market signaling revisited
Habermalz, Steffen (contributor) - 2006
This paper discusses the claim made in Altonji and Pierret (1997) and Lange (2005) that a high speed of employer learning indicates a low value of job market signaling. The claim is first discussed intuitively in light of Spence’s original model and then evaluated in a simple extension of a...
Persistent link: https://www.econbiz.de/10003469479
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The rate of learning-by-doing : estimates from a search-matching model
Prat, Julien (contributor) - 2007
We construct and estimate by maximum likelihood an equilibrium search model where wages are set by Nash bargaining and idiosyncratic productivity follows a geometric Brownian motion. The proposed framework enables us to endogenize job destruction and to estimate the rate of learning-by-doing....
Persistent link: https://www.econbiz.de/10003592014
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Exploring the causes of frictional wage dispersion
Tjaden, Volker; Wellschmied, Felix - 2012
Standard search models are unreliable for structural inference of the underlying sources of wage inequality because they are inconsistent with observed residual wage dispersion. We address this issue by modeling skill development and duration dependence in unemployment benefits in a random on...
Persistent link: https://www.econbiz.de/10009530289