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A pre-condition for employer learning is that signals at labor market entry do not fully reveal graduates' productivity. I model various distinct sources of signal imperfection—such as noise and multi-dimensional types—and characterize their implications for the private return to skill...
Persistent link: https://www.econbiz.de/10014296848
up. In this signaling game, proposing (or getting married) is costly but can indicate strong love. The striking property … sufficiently large, the signaling mechanism breaks down, and only a pooling equilibrium in which fewer couples get married remains …
Persistent link: https://www.econbiz.de/10011786969
This paper considers competitive search equilibrium in a market for a good whose quality differs across sellers. Each seller knows the quality of the good that he or she is offering for sale, but buyers cannot observe quality directly. We thus have a "market for lemons" with competitive search...
Persistent link: https://www.econbiz.de/10015096842
This paper extends the job market signaling model of Spence (1973) by allowing firms to learn the ability of their …
Persistent link: https://www.econbiz.de/10005822317
This paper examines the relationship between the timing of childbirth and the motherhood penalty among high-skilled Danish women. Earlier studies typically find that delaying first childbirth increases female earnings. However, postponing the first birth may also have negative fertility...
Persistent link: https://www.econbiz.de/10015338950
The paper analyses the arbitration of dismissal disputes by Australian labour courts over a 15 years' time span characterized by two major legal reforms to unfair dismissal statutes. We isolate two channels by which we think the social values of the Federal government affected the decisions of...
Persistent link: https://www.econbiz.de/10011345356
We consider the voting behavior of Supreme Court Justices, finding evidence of co-dependencies in their votes. Coincident with changes in the party imbalance of the Court over time, sharp discontinuities in these dependencies are evident. Overall, the patterns suggest a tradeoff between...
Persistent link: https://www.econbiz.de/10012006017
Climate change has stimulated growing interest in the influence of temperature on cognition, mood and decision making. This paper is the first investigation of the impact of temperature on the outcomes of criminal court cases. It is motivated by Heyes and Saberian (2019, AEJ: Applied Economics),...
Persistent link: https://www.econbiz.de/10012207691
This paper tests predictions of a structural, augmented supply-of-offenders model regarding the relative effects of police, public prosecution and courts, respectively, on crime. Using detailed data on the different stages of the criminal prosecution process in Germany, empirical evidence...
Persistent link: https://www.econbiz.de/10010278371
Entrepreneurship is usually identified as an important determinant of aggregate productivity and long-term growth. The determinants of entrepreneurship, nevertheless, are not entirely understood. A recent literature has linked entrepreneurship to the development of the justice system. This paper...
Persistent link: https://www.econbiz.de/10010278593