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education simply reflects the ability of the worker (through a signalling role). In this paper we describe and implement, using …. We find little support for signalling ideas in these tests. However, we have severe reservations about these results …
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neither. We show that two types of signalling equilibria are possible. Both are characterised by dispersion and Pareto …
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Politicians differ in their ability to implement some policy. In an election, candidates make commitments regarding the plans they will try to implement if elected. These serve as a signal of true ability. In equilibrium, candidates make overambitious promises. The candidate with the highest...
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setting? This paper tries to isolate the pure signalling effect that one sector might exert on the other by controlling for … (signalling effect). There is strong evidence of public wages’ leadership, either in conjunction with bi-directional links from …
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