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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.
Uncertainty --- Uncertainty (Information theory) --- Mathematical models.
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Logic circuits --- Information theory --- Circuits logiques. --- Information, Théorie de l'.
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Maximum entropy method --- Congresses --- Congresses. --- -519.72 --- Entropy maximization --- Entropy maximum principle --- Maximization, Entropy --- Entropy (Information theory) --- Maximum principles (Mathematics) --- Information theory: mathematical aspects --- Conferences - Meetings --- 519.72 Information theory: mathematical aspects --- 519.72 --- Maximum entropy method - Congresses
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Ergodic theory. Information theory --- Analytical chemistry --- 543.08 --- 519.7 --- 621.391 --- Chemistry, Analytic --- -Information theory --- Communication theory --- Communication --- Cybernetics --- Analysis, Chemical --- Chemical analysis --- Metallurgical analysis --- Mineralogy, Determinative --- Analytical measurement --- Mathematical cybernetics --- General questions of electrical communication engineering. Cybernetics. Information theory. Signal theory --- Mathematics --- Chemometrics. --- Information theory in chemistry. --- 621.391 General questions of electrical communication engineering. Cybernetics. Information theory. Signal theory --- 519.7 Mathematical cybernetics --- 543.08 Analytical measurement --- Chemometrics --- Information theory in chemistry --- Chemistry --- Measurement --- Statistical methods
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Linguistics --- Language and languages --- Foreign languages --- Languages --- Anthropology --- Communication --- Ethnology --- Information theory --- Meaning (Psychology) --- Philology --- Linguistic science --- Science of language
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Semantics --- Formal semantics --- Semasiology --- Semiology (Semantics) --- Comparative linguistics --- Information theory --- Language and languages --- Lexicology --- Meaning (Psychology) --- Lexicology. Semantics
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Mathematical control systems --- Information theory --- 519.7 --- 681.3*E4 --- Mathematical cybernetics --- Coding and information theory: data compaction and compression; formal modelsof communication; nonsecret encoding schemes--See also {681.3*H11} --- 681.3*E4 Coding and information theory: data compaction and compression; formal modelsof communication; nonsecret encoding schemes--See also {681.3*H11} --- 519.7 Mathematical cybernetics --- Communication theory --- Communication --- Cybernetics
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159.9.072 --- Prediction (Psychology) --- Psychometrics --- Uncertainty (Information theory) --- Measure of uncertainty (Information theory) --- Shannon's measure of uncertainty --- System uncertainty --- Information measurement --- Probabilities --- Questions and answers --- Measurement, Mental --- Measurement, Psychological --- Psychological measurement --- Psychological scaling --- Psychological statistics --- Psychology --- Psychometry (Psychophysics) --- Scaling, Psychological --- Psychological tests --- Scaling (Social sciences) --- Experimentele psychologie. Testen en onderzoeken in de psychologie --- Measurement --- Scaling --- Methodology --- Psychometrics. --- 159.9.072 Experimentele psychologie. Testen en onderzoeken in de psychologie --- Prediction (Psychology). --- Uncertainty (Information theory).
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