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We develop a framework to understand pre-employment credit screening through adverse selection in labor and credit markets. Workers differ in an unobservable characteristic that induces a positive correlation between labor productivity and repayment rates in credit markets. Firms therefore...
Persistent link: https://www.econbiz.de/10012480658
It has long been recognized in finance and other literature that variance provides option value. The same point carries over to the labor market. Firms like variance in new employees because they can keep the good workers and terminate the bad ones. But market wages must adjust to make the...
Persistent link: https://www.econbiz.de/10012473535
I study age discrimination in hiring, exploiting a difference between age-revealed and partially age-blind hiring … procedures. Under the first hiring procedure, age is revealed simultaneously with other applicant information and job offer rates … are much lower for older than for younger job applicants. Under the second hiring procedure, interview selections are …
Persistent link: https://www.econbiz.de/10012479147
records from 2007-2017 to collect information on federal judicial panels, and by merging this data with judicial hiring … increase in the fraction of co-panelists who are female increases a judge's likelihood of hiring a female clerk by 4 percentage …
Persistent link: https://www.econbiz.de/10012479250
effects is that workers value being involved in hiring …
Persistent link: https://www.econbiz.de/10012479870
discrimination in hiring, exploiting the text of job ads and differences in callbacks to older and younger job applicants from a … age discrimination in hiring. We find evidence that language related to stereotypes of older workers sometimes predicts …
Persistent link: https://www.econbiz.de/10012480496
Using data from the Employment Opportunity Pilot Project, we examine the relationship between the starting wage paid to the worker filling a vacancy, the number of applications attracted by the vacancy, the number of candidates interviewed for the vacancy, and the duration of the vacancy. We...
Persistent link: https://www.econbiz.de/10012455765
This paper views hiring as a contextual bandit problem: to find the best workers over time, firms must balance … learn about quality). Yet modern hiring algorithms, based on "supervised learning" approaches, are designed solely for … approach improves the quality (as measured by eventual hiring rates) of candidates selected for an interview, while also …
Persistent link: https://www.econbiz.de/10012481284
agent) is repeatedly faced with the opportunity of hiring one among several applicants to fill its vacancies. The firm is … their match with firm. A benevolent and unbiased labor market authority (the principal) enacts a hiring regulation (a direct …-revelation mechanism without transfers) in order to reduce the impact of the firm's bias on its hiring behavior. The hiring regulation is …
Persistent link: https://www.econbiz.de/10014468218
" college basketball tournament affect NBA teams' draft decisions? If so, is this effect the result of decision making biases …
Persistent link: https://www.econbiz.de/10012460737