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We study the Lemons Problem when workers have private information on both their skills and their intrinsic motivation for the job offered by firms in the labor market. We first show that, when workers are motivated, inefficiencies due to adverse selection are mitigated. More interestingly,...
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positive outside it. Job-specific estimates of this kind are useful alongside more generalized evaluations of immigration … because immigration policy often regulates access to specific occupations. …
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to the wages of older workers and the structure of wages more generally as the population ages has potentially important … solution depends, in part, on the wage rates that older workers command in labor markets. If the wages of older workers fall as …
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