Education and Job Market Signalling: A Comment
AbstractIn this paper the Signalling approach to the explanation of wage differentials is analyzed both under a microeconomic and a macroeconomic viewpoint. Departuring from the classical Spence's model, the introduction of inequalities in accessing to education leads to redistributive effects among workers and firms. Moreover the existence of factors related both to local and to parental externalities greately reduce the informative power of education about individual ability.
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Bibliographic InfoPaper provided by EconWPA in its series Game Theory and Information with number 9704002.
Length: 23 pages
Date of creation: 17 Apr 1997
Date of revision:
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Signalling Earnings distribution Entropy;
Find related papers by JEL classification:
- D30 - Microeconomics - - Distribution - - - General
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
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