Employer learning about workers' abilities plays a key role in determining how workers sort into jobs and are … compensated. This study explores whether learning is symmetric or asymmetric, i.e., whether potential employers have the same … information about worker ability as the incumbent firm. I develop a model of asymmetric learning that nests the symmetric learning …

Employer learning about workers' abilities plays a key role in determining how workers sort into jobs and are … compensated. This study explores whether learning is symmetric or asymmetric, i.e., whether potential employers have the same … information about worker ability as the incumbent firm. I develop a model of asymmetric learning that nests the symmetric learning …

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 … uncertain about their productivity, the separating level of education is ambiguously related to the speed of employer learning. …

when the parameter and noise are normally distributed and when the effort and noise affect output additively. We then … information about the agent's quality improves. In the standard spot-market setup, by contrast, when the parameter measures the … agent's quality, the Pareto frontier shifts inwards with better information. Commitment is therefore more valuable when …

when the parameter and noise are normally distributed and when the effort and noise affect output additively. We then … information about the agent's quality improves. In the standard spot-market setup, by contrast, when the parameter measures the … agent's "quality", the Pareto frontier shifts inwards with better information. Commitment is therefore more valuable when …

increases utility. It is assumed that each variety is owned by a monopoly. Workers can specialize in material goods production … bliss point can only be made better-off by an increase in diversity. If wages are set by monopoly unions rather than set …