Signalling to Experts.

Autor/inn/en	Kurlat, Pablo; Scheuer, Florian
Titel	Signalling to Experts. Gefälligkeitsübersetzung: Signalisierung an Experten.
Quelle	In: The review of economic studies, 88 (2021) 2, S. 800-850 PDF als Volltext kostenfreie Datei Link als defekt meldenVerfügbarkeit
Sprache	englisch
Dokumenttyp	online; gedruckt; Zeitschriftenaufsatz
ISSN	0034-6527; 1467-937X
DOI	10.1093/restud/rdaa068
Schlagwörter	Fremdeinschätzung; Informelle Kommunikation; Personalauswahl; Arbeitsuchender; Bewerbungsgespräch; Lohnfindung; Qualifikation; Probezeit; Informationsbeschaffung
Abstract	"We study competitive equilibria in a signalling economy with heterogeneously informed buyers. In terms of the classic Spence (1973, The Quarterly Journal of Economics, 87, 355-374) model of job market signalling, firms have access to direct but imperfect information about worker types, in addition to observing their education. Firms can be ranked according to the quality of their information, i.e., their expertise. In equilibrium, some high-type workers forgo signalling and are hired by better informed firms, which make positive profits. Workers' education decisions and firms' use of their expertise are strategic complements, allowing for multiple equilibria that can be Pareto ranked. We characterize wage dispersion and the extent of signalling as a function of the distribution of expertise among firms. Our model can also be applied to a variety of other signalling problems, including securitization, corporate financial structure, insurance markets, or dividend policy." (Author's abstract, IAB-Doku).
Erfasst von	Institut für Arbeitsmarkt- und Berufsforschung, Nürnberg
Update	2025/3