from the classic Spence's model, the article shows how the introduction of inequalities in accessing to education leads to …

We analyze optimal redistribution in the presence of labor market signaling where innate productive ability is not only … unobserved by the government, but also by prospective employers. Signaling in both one and two dimensions is considered, where in …

education. While men with low skills out-earn their higher-skilled counterparts when they are very young, their earnings are …

I extend Spence's (1973) signaling model by assuming some workers are overconfident - they underestimate their marginal … cost of acquiring education - and some are underconfident. Firms cannot observe workers' productive abilities and beliefs … the gender pay gap. If education raises productivity, men are overconfident, and women underconfident, then women will, on …

We analyze optimal redistribution in the presence of labor market signaling where innate productive ability is not only … unobserved by the government, but also by prospective employers. Signaling in both one and two dimensions is considered, where in …

I extend Spence's (1974) labor market signaling model by assuming some workers are overconfident and some … underconfident. Overconfident (underconfident) workers underestimate (overestimate) their marginal cost of acquiring education. Firms … sufficiently different in terms of productivity and cost of education. Finally, I show that if the fraction of overconfident …

This paper studies optimal taxation of income and education when employers cannot observe workers' productivity and … workers signal their productivity to firms by choosing both quantity and quality of education. We characterize constrained …. Implementation through income and education dependent taxes is discussed, as well as education mandates. A key insight is that …

We analyze optimal redistribution in the presence of labor market signaling where innate productive ability is not only … unobserved by the government, but also by prospective employers. Our model features signaling in both one and two dimensions … of educational attainment, we analyze the dual role of income taxation in redistributing income and affecting signaling …