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The Speed of Employer Learning and Job Market Signaling Revisited

Habermalz, Steffen - 2021

learning indicates a low value of job market signaling. The claim is first discussed intuitively in light of Spence's original … value of job market signaling …

Persistent link: https://www.econbiz.de/10013317436

Matching Efficiency and Heterogeneous Workers in the UK

Lisauskaite, Elena - 2022

The matching efficiency of the standard matching function is known to follow a pro-cyclical pattern. An observed … rightward shift in the UK's Beveridge Curve after the Great Recession, suggests a decrease in the matching efficiency between … characteristics of unemployed, using the standard aggregate matching function. Consistent with the findings for the US (Barnichon and …

Persistent link: https://www.econbiz.de/10014244287

Job Market Signaling and Employer Learning

Alós-Ferrer, Carlos; Prat, Julien - 2021

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 …

Persistent link: https://www.econbiz.de/10013324859

Are School-Provided Skills Useful at Work? Results of the Wiles Test

Liwinski, Jacek - 2017

We test for the signalling hypothesis versus human capital theory using the Wiles test (1974) in a country which has …

Persistent link: https://www.econbiz.de/10012942083

Too Many Graduates? An Application of the Gottschalk-Hansen Model to Young British Graduates between 2001-2010

O'Leary, Nigel - 2014

There is an apparent inconsistency in the existing literature on graduate employment in the UK. While analyses of rates of return to graduates or graduate mark-ups show high returns, suggesting that demand has kept up with a rapidly rising supply of graduates, the literature on over-education...

Persistent link: https://www.econbiz.de/10013047858

Approaches to Learn About Employer Learning

Ablay, Mahmut; Lange, Fabian - 2022

hypothesis and how they have been used to quantify the contribution of Job Market Signaling and human capital in measured returns … to education. While the empirical basis is still thin, the results suggest that Signaling contributes at most about 25 …

Persistent link: https://www.econbiz.de/10014237689

Does Private Schooling Increase Adult Earnings? Cohort-Level Evidence for U.S. States

Berger, Reilee - 2016

Public schooling in the U.S. has numerous critics, many of whom suggest that alternatives such as providing vouchers for private schools may be more effective. This paper combines decennial census and American Community Survey data for various years to examine the relationship between...

Persistent link: https://www.econbiz.de/10012984853

Wage Rigidity and Job Creation

Häfke, Christian; Sonntag, Marcus; Rens, Thijs van - 2021

Standard macroeconomic models underpredict the volatility of unemployment fluctuations. A common solution is to assume wages are rigid. We explore whether this explanation is consistent with the data. We show that the wage of newly hired workers, unlike the aggregate wage, is volatile and...

Persistent link: https://www.econbiz.de/10013324956

Educational Mismatch and Firm Productivity : Do Skills, Technology and Uncertainty Matter?

Mahy, Benoit - 2015

The authors provide first evidence on whether the direct relationship between educational mismatch and firm productivity varies across working environments. Using detailed Belgian linked employer-employee panel data for 1999-2010, they find the existence of a significant, positive (negative)...

Persistent link: https://www.econbiz.de/10013026437

Assessing the Performance of Matching Algorithms When Selection into Treatment is Strong

Augurzky, Boris; Kluve, Jochen - 2021

This paper investigates the method of matching regarding two crucial implementation choices, the distance measure and … the type of algorithm. We implement optimal full matching - a fully efficient algorithm - and present a framework for … that decisions regarding the matching algorithm depend on the structure of the data: In the case of strong selection into …

Persistent link: https://www.econbiz.de/10013319050