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centralized assignment mechanism. Leveraging unique administrative data and an information experiment, we show that students and … rival programs hold payoff-relevant information that each program could use to admit students with higher persistence rates …, and find that fully sharing information could significantly increase student persistence and program payoffs, but enabling …
Persistent link: https://www.econbiz.de/10014528365
provide low-quality education. In this paper I examine this claim using a 1947 reform that increased the minimum school …, among other things, large classes and a curriculum that promoted practical education. I conclude that my findings shed new …
Persistent link: https://www.econbiz.de/10013334393
What happens when employers would like to screen their employees but only observe a subset of output? We specify a model in which heterogeneous employees respond by producing more of the observed output at the expense of the unobserved output. Though this substitution distorts output in the...
Persistent link: https://www.econbiz.de/10013334527
A sender sends a signal about a state to a receiver who takes an action that determines a payoff. A moderator can block some or all of the sender's signal before it reaches the receiver. When the moderator's policy is transparent to the receiver, the moderator can improve the payoff by blocking...
Persistent link: https://www.econbiz.de/10014486247
information collection affects equity analyst performance. Collection of hard information, proxied by office workday length, is … positively associated with the quantity and timeliness of analyst reports. Soft information collection, as proxied by propensity … star analyst. Both hard and soft information collection improve forecast precision, a causal result that we confirm using …
Persistent link: https://www.econbiz.de/10014447257
pace of technology diffusion and education, but also to the level of product market regulation (competition) and employment …
Persistent link: https://www.econbiz.de/10014322745
In May 1981, President François Mitterrand regularized the status of undocumented immigrant workers in France. The newly legalized immigrants represented 12 percent of the non-French workforce and about 1 percent of all workers. Employers have monopsony power over undocumented workers because...
Persistent link: https://www.econbiz.de/10014322844
Over half of the U.S. population receives health insurance through an employer, with employer premium contributions creating a flat "head tax" per worker, independent of their earnings. This paper develops and calibrates a stylized model of the labor market to explore how this uniquely American...
Persistent link: https://www.econbiz.de/10014248009
used to study Hispanics, we document how Hispanics currently compare with other Americans in terms of education, earnings … immigrant generations, Hispanics experience substantial improvements in education and earnings between first …
Persistent link: https://www.econbiz.de/10013477242
novel method that utilizes recent advances in large language models (LLMs) to recover overlooked information in categorical …, and at the same time, we highlight the LLM's capability to provide additional information conditional on the traditional … information than the administrative data, which makes it impossible to compute most of the traditional match quality measures. Our …
Persistent link: https://www.econbiz.de/10014528367