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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 …
Persistent link: https://www.econbiz.de/10003652697
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 …
Persistent link: https://www.econbiz.de/10014197241
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based on grades received at school. It is examined how this matching is affected if good grades are granted to some low …
Persistent link: https://www.econbiz.de/10003751787
Over the last decades, technological progress has brought about a multitude of standardization problems. For instance, compatibility standards ensure the interoperability of goods, which is of decisive importance when users face positive externalities in consumption. Consumers' expectations are...
Persistent link: https://www.econbiz.de/10013520491
/BAuA Employment Survey 2006 to compute two different measures of person-to-job matching. A first measure indicates an educational (mis …
Persistent link: https://www.econbiz.de/10011635652
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This paper develops a multiperiod model in which workers are matched with jobs according to imperfect educational signals, and their subsequent productivities depend on both their inherent ability and on the quality of the job match. The model outlines a sequential process in which underpaid...
Persistent link: https://www.econbiz.de/10005548545
the efficient matching of workers to firms. This mechanism can be thought of as operated by a recruitment agency, an …
Persistent link: https://www.econbiz.de/10010366528