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Persistent link: https://www.econbiz.de/10014265721
A pre-condition for employer learning is that signals at labor market entry do not fully reveal graduates' productivity. I model various distinct sources of signal imperfection - such as noise and multi-dimensional types - and characterize their implications for the private return to skill...
Persistent link: https://www.econbiz.de/10014250931
requirements at each Army branch in military cadet matching and diversity considerations in school choice, whereby school districts … the mechanism is run). We show that these current solutions ignore important information contained in the submitted … properties. We expect the use of our mechanisms to improve the performance of matching markets with distributional constraints in …
Persistent link: https://www.econbiz.de/10011705212
to schooling and aggregate welfare. -- Human capital ; job destruction ; matching frictions ; efficiency …
Persistent link: https://www.econbiz.de/10003941789
We introduce a generalization of the school choice problem motivated by the following observations: students are assigned to grades within schools, many students have siblings who are applying as well, and school districts commonly guarantee that siblings will attend the same school. This last...
Persistent link: https://www.econbiz.de/10012806613
We propose a signaling model of student enrollment dynamics based on probabilities of completion of studies, under …
Persistent link: https://www.econbiz.de/10011421585
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
Finding an instrument that is orthogonal to the disturbance term in the wage equation has been a topic of great deal of debate. Recently, Chesson et al. (2006) proposed that higher discount rates are significantly associated with a range of sexual behaviours, including having sex before age of...
Persistent link: https://www.econbiz.de/10009569584
This paper analyzes the effects of the minimum wage on wage inequality, relative employment and over-education. We show that over-education can be generated endogenously and that an increase in the minimum wage can raise both total and low-skill employment, and produce a fall in inequality....
Persistent link: https://www.econbiz.de/10009504652
This paper studies the link between hourly wages and workers' subjective assessments of how easy it would be to find another job as good as the present one, and how easy it would be for an employer to replace an employee. First, using high-quality data, I study the correlates of these two...
Persistent link: https://www.econbiz.de/10009761377