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 15
... level of education , keeping in mind both the costs and potential benefits in terms of his future job and salary level . A Critical Assumption or Prerequisite At this point , a critical assumption is necessary . Let us assume that ...
... level of education , keeping in mind both the costs and potential benefits in terms of his future job and salary level . A Critical Assumption or Prerequisite At this point , a critical assumption is necessary . Let us assume that ...
Strana 16
... education level Y y y / 2 Group product I 1 II 2 1 - q1 q1 conditional probabilities over productivity given ... level of education . It is assumed that he offers to pay anyone with y years of education the expected marginal productivity ...
... education level Y y y / 2 Group product I 1 II 2 1 - q1 q1 conditional probabilities over productivity given ... level of education . It is assumed that he offers to pay anyone with y years of education the expected marginal productivity ...
Strana 99
... level of education implies more talent for that group , because education costs at given levels of capability are uniformly higher . A variant occurs when the basis for the differential signaling costs lies in a characteristic which is ...
... level of education implies more talent for that group , because education costs at given levels of capability are uniformly higher . A variant occurs when the basis for the differential signaling costs lies in a characteristic which is ...
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 activity signaling equilibrium signaling system situation statistical discrimination suppressing Thomas Schelling tion tive tivity unalterable variance-covariance matrix wage differentials Zvi Griliches