This paper develops and structurally estimates a learning model in which firms acquire information about workers … jobs and firms. Because of the trade--off between learning and short--run profit maximization, a firm's optimal job … learning model can succeed in fitting the dynamic pattern of separations, promotions and demotions, and individual wage …

This paper investigates a learning model in which information about a worker's ability, unobserved to both the worker … requires. We then examine the strategic effects of the dynamics of learning on a worker's career profile. We prove that price …

The paper studies a learning model in which information about a worker's ability can be acquired symmetrically by the … tasks, provide a sufficiently accurate measure of ability. We then examine the strategic effects of the dynamics of learning …

This chapter provides a survey of the recent work on learning in the context of macroeconomics. Learning has several … roles. First, it provides a boundedly rational model of how rational expectations can be achieved. Secondly, learning acts … as a selection device in models with multiple REE (rational expectations equilibria). Third, the learning dynamics …