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Specific Information, General Information, and Employment Matches Under Uncertainty
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Year: 1979 Publisher: Cambridge, Mass. National Bureau of Economic Research

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Employment matches under uncertainty are typically accompanied by opportunities for information acquisition. Workers can acquire specific information about productivity lotteries at the firm or general information affecting their probabilistic beliefs about work elsewhere. Enterprises can acquire specific information concerning the productivity of a particular worker or general information about different groups of workers in a production process. In all cases, the market equilibrium with flexible wages is efficient. Moreover, there is no opportunity for strategic behavior that would alter this result. Both forms of information are associated with rising earnings profiles over time, hut the steepness is greater in the general case. The negative turnover-wage relation is attributable in part to the lower match termination rate of workers with productive lob histories, who earn higher wages than their less productive counterparts. General information is associated with more termination of employment matches by employers and employees than is specific information. The implications of specific/general information for matching processes in many respects aralle1 the role of that distinction in human capital theory, strengthening the link between matching theories and earlier human capital analyses.


Book
Suchprobleme
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ISBN: 3519020580 Year: 1979 Publisher: Stuttgart Teubner

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A cybernetic approach to the assessment of children: toward a more humane use of human beings
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ISBN: 0891584668 Year: 1979 Publisher: Colorado Westview

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Circuits logiques de traitement numérique de l'information
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ISBN: 2854280407 Year: 1979 Publisher: Toulouse : Cepadues éditions,

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Book
The maximum entropy formalism.
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ISBN: 0262120801 9780262120807 Year: 1979 Publisher: Cambridge MIT press


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Vom alltäglichen Sprachverständnis zum wissenschaftlichen Sprachbegriff : eine Einführung in das Studium der Sprachwissenschaft
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ISBN: 3407511396 9783407511393 Year: 1979 Volume: 16 Publisher: Weinheim Beltz

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Introducción a la semántica
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ISBN: 8437601088 Year: 1979 Publisher: Madrid : Cátedra,

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