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Competition in Salaries, Credentials, and Signaling Prerequisites for Jobs

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  • Michael Spence

Abstract

I. Introduction, 51. — II. The choice of behavioral hypothesis, 53. — III. Assumptions, 54. — IV. Analysis of equilibria, 55. — V. Comparison with the passive-response equilibria, 63. — VI. Specialized firms, 63. — VII. Equilibria with complementary factors, 66. — VIII. Concluding remarks, 72. — Appendix A: Summary of the passive-response model, 73. — Appendix B: The elimination of dominated, passive equilibria, 73.

Suggested Citation

  • Michael Spence, 1976. "Competition in Salaries, Credentials, and Signaling Prerequisites for Jobs," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 90(1), pages 51-74.
    • Handle: RePEc:oup:qjecon:v:90:y:1976:i:1:p:51-74.
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    Cited by:

    1. Andrew Weiss, 1985. "High School Graduation, Performance and Earnings," NBER Working Papers 1595, National Bureau of Economic Research, Inc.
    2. Gad Jacek, 2020. "The association between disclosures on control system over financial reporting and mechanisms of corporate governance: Empirical evidence from Germany and Poland," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 56(4), pages 351-369, December.
    3. Hazhir Rahmandad & Nelson Repenning, 2016. "Capability erosion dynamics," Strategic Management Journal, Wiley Blackwell, vol. 37(4), pages 649-672, April.
    4. Philippe Mongin & Pierre-André Chiappori, 1984. "Un modèle de politique monétaire avec aléas stratégiques," Revue Économique, Programme National Persée, vol. 35(5), pages 831-870.
    5. Dong, Baomin & Fu, Shihe & Gong, Jiong & Fan, Hanwen, 2014. "The Lame Drain," MPRA Paper 53825, University Library of Munich, Germany.
    6. Riley, John G., 1975. "Competitive signalling," Journal of Economic Theory, Elsevier, vol. 10(2), pages 174-186, April.
    7. Giuseppe Folloni & Giorgio Vittadini, 2010. "Human Capital Measurement: A Survey," Journal of Economic Surveys, Wiley Blackwell, vol. 24(2), pages 248-279, April.
    8. Jeffrey A. Roberts & Il-Horn Hann & Sandra A. Slaughter, 2006. "Understanding the Motivations, Participation, and Performance of Open Source Software Developers: A Longitudinal Study of the Apache Projects," Management Science, INFORMS, vol. 52(7), pages 984-999, July.
    9. Dr. Nasser Fegh-hi Farahmand, 2013. "Teaching Strategy as Excellence Organization Mission," Indian Journal of Commerce and Management Studies, Educational Research Multimedia & Publications,India, vol. 4(2), pages 16-28, May.
    10. repec:eee:labchp:v:1:y:1986:i:c:p:357-386 is not listed on IDEAS
    11. Alberto Bayo-Moriones & Pedro Ortín-Ángel, 2003. "Internal Promotion Versus External Recruitment: Evidence in Industrial Plants," Working Papers 0303, Departament Empresa, Universitat Autònoma de Barcelona, revised Mar 2003.
    12. Deolalikar, Anil & Hasan, Rana & Khan, Haider & Quibria, M.G., 1997. "Competiveness and Human Resource Development," MPRA Paper 2819, University Library of Munich, Germany, revised 1997.
    13. Pedro Ortín‐Ángel & Vicente Salas‐Fumás, 2007. "Compensation Dispersion Between and Within Hierarchical Levels," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 16(1), pages 53-79, March.
    14. Andrew Clark, 2000. "Signalling and Screening in a Transition Economy: Three Empirical Models Applied to Russia," CERT Discussion Papers 0003, Centre for Economic Reform and Transformation, Heriot Watt University.
    15. Quibria, M. G., 1999. "Challenges to human resource development in Asia," Journal of Asian Economics, Elsevier, vol. 10(3), pages 431-444.
    16. Pritchett, Lant, 1996. "Where has all the education gone?," Policy Research Working Paper Series 1581, The World Bank.
    17. José Ángel Zúñiga Vicente & José David Vicente Lorente, 2003. "Assessing the Structural Change of Strategic Mobility Determinants Under Hypercompetitive Environments," Working Papers 0302, Departament Empresa, Universitat Autònoma de Barcelona, revised Feb 2003.

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