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Social Institutions, Imperfect Information, and the Distribution of Income

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  • David Starrett

Abstract

I. Introduction, 261. — II. Conceptual framework, 262. — III. Market signaling, 264. — IV. Credentials models, 267. — V. Internal labor markets, 273. — VI. Social classes and the poverty cycle, 275. — VII. Job switching and the "lemons" principle, 279. — VIII. Conclusions, 282.

Suggested Citation

  • David Starrett, 1976. "Social Institutions, Imperfect Information, and the Distribution of Income," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 90(2), pages 261-284.
    • Handle: RePEc:oup:qjecon:v:90:y:1976:i:2:p:261-284.
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    File URL: http://hdl.handle.net/10.2307/1884630
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    Cited by:

    1. Partha Dasgupta, 2005. "Economics of Social Capital," The Economic Record, The Economic Society of Australia, vol. 81(s1), pages 2-21, August.
    2. Grossman, Herschel I., 1991. "Monetary economics : A review essay," Journal of Monetary Economics, Elsevier, vol. 28(2), pages 323-345, October.
    3. Herschel Grossman & Warren Trepeta, 1981. "Risk Shifting, Statistical Discrimination, and the Stability of Earnings," NBER Chapters, in: Studies in Labor Markets, pages 295-318, National Bureau of Economic Research, Inc.

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