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 process is then assumed to follow a matching of equals among equals. Using rich data from Germany and Denmark we fully … confirm a matching on qualification levels for high-skilled employees, partially for medium-skilled employees but not for low …

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 …

credentialism. The model overcomes an important criticism of signalling models by mechanically tying a worker’s wages to their …-augmenting investment that is made prior to matching with coworkers. A worker’s credentials allow them to demonstrate their investment to …

based on grades received at school. It is examined how this matching is affected if good grades are granted to some low …