Market Signaling: Informational Transfer in Hiring and Related Screening Processes, Svazek 143Harvard University Press, 1974 - Počet stran: 221 Market signaling, a phrase formulated by Mr. Spence, means the activities and characteristics of individuals which are visible to somebody else and convey information in a market, such as the job market. This study attempts to explain the informational content of market signals. |
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Strana 98
... discrimination in the informa- tion system . The educational signaling model produced multiple equilib- ria . When observable and unalterable characteristics are ap- pended to that model , multiple equilibria turn into potential ...
... discrimination in the informa- tion system . The educational signaling model produced multiple equilib- ria . When observable and unalterable characteristics are ap- pended to that model , multiple equilibria turn into potential ...
Strana 104
... discrimination , most people think in terms of statistical discrimination . How else could a productively irrele- vant index be a useful source of information if it is not cor- related with anything productively relevant ? I hope to ...
... discrimination , most people think in terms of statistical discrimination . How else could a productively irrele- vant index be a useful source of information if it is not cor- related with anything productively relevant ? I hope to ...
Strana 220
... discrimination , 104 Status signaling : perfect informa- tion , 64 ; relation between costs and income , 64 , 68 ; multiple equilibria , 64-8 ; 64-8 ; equilibrium conditions , 65–7 ; Pareto inferior equilibria , 67-8 Stigler , G. , 22n ...
... discrimination , 104 Status signaling : perfect informa- tion , 64 ; relation between costs and income , 64 , 68 ; multiple equilibria , 64-8 ; 64-8 ; equilibrium conditions , 65–7 ; Pareto inferior equilibria , 67-8 Stigler , G. , 22n ...
Obsah
Introduction | 1 |
Appendices | 4 |
Job Market Signaling | 5 |
Autorská práva | |
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active signaling allocation assumed assumption average blacks characteristics competitive conditional distribution conditional probability conspicuous consumption context convex set cooperative game decisions defined depend differential signaling costs discrimination education costs effective signal efficiency employer employer's beliefs equi equilib equilibrium configurations example expected fact Figure firm function George Stigler given guarantee Hence high-productivity hiring II.b income individual informational structure institution invest job market signaling K₁ labor market level of education librium loan lottery marginal product market data market equilibrium market signaling game multiple equilibria naling negatively correlated no-signaling observable offered wage schedule optimal choice overinvestment perfect information ployer possible potential signals prerequisite problem productive capabilities Proposition q₁ race random risk-aversion rium score screening seller signaling equilibrium signaling system situation statistical discrimination suppressing Thomas Schelling tion tive tivity unalterable variance-covariance matrix w₁ wage differentials Zvi Griliches