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have private information about their learning costs, and colleges have heterogeneous, observable qualities. Our economic …
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multidimensional signaling model relying on college grades and selectivity that rationalizes students' choices of effort and firms … data sets that span the early 1960s through the late 2000s, I show that the data support the predictions of the signaling …
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The paper enriches a standard signaling model of education with issues of social distance defined over educational …
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We study the effects of a voluntary skill certification scheme in an online freelancing labour market. We show that obtaining skill certificates increases freelancers’ earnings. This effect is not driven by increased freelancer productivity but by decreased employer uncertainty. The increase...
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We consider a model in which educational investments entail productivity gains, signaling power, and social returns …
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This paper presents a test of the educational signaling hypothesis. If employers use education as a signal in the …
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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 …
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