signals that is concave, a feature that earlier studies used to dismiss educational signaling. Using a synthetic panel data … signaling framework theoretically and empirically. …

learning indicates a low value of job market signaling. The claim is first discussed intuitively in light of Spence’s original … value of job market signaling. …

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 …

In this paper we extend a job search-matching model with firm-specific investments in training developed by Mortensen … framework and the search-matching framework (eg. Pissarides, 1990). Second, it improves the correspondence between the …

This paper makes two contributions to the empirical matching literature. First, a recent study by Anderson and Burgess … (2000) testing for endogenous competition among job seekers in a matching frame-work, is replicated with a richer and more … accurate data set for Germany. Their results are confirmed and found to be surprisingly robust. Second, the matching framework …

This paper presents a test of the educational signaling hypothesis. If employers use education as a signal in the …