The DOI matches its Crossref record; 10 of the 10 references it cites were found in a registry or an index.
Adverse Selection in the Labor Market
Abstract
First published in 1979. This thesis describes the theoretical impact on labour markets of a process of adverse selection similar to that described in outline by George Arthur Akerlof. It concerns the information conveyed to potential employers by the fact that any new worker, except for one just entering the labour force, has either left or is prepared to leave his latest Job. If an employer is able to identify his good workers more accurately than the market at large and is generally successful in retaining them, then the group of workers leaving him will contain a disproportionately small number of good ones. For similar reasons this pool should also contain an unusually large number of bad workers who have been either flied or induced to quit. Thus, workers who change jobs should on average be less able ones. Since the market failures that result have potentially significant consequences in the labour market, this study is devoted to examining their influence on the structure of wages and job tenure, and on the operation and efficiency of labour markets. This title will be of great interest to students of economics and business studies.
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Cites
The Market for "Lemons": Quality Uncertainty and the Market Mechanism
Akerlof, G. A. (1970) · The Quarterly Journal of Economics · doi:10.2307/1879431 · Cited by 23,016
Job Matching and the Theory of Turnover
Jovanovic, B. (1979) · Journal of Political Economy · doi:10.1086/260808 · Cited by 3,092
Internal Labor Markets and Manpower Analysis: With a New Introduction
Doeringer, P. B., & Piore, M. J. (2020) · Routledge eBooks · doi:10.1201/9781003069720 · Cited by 1,893
The Theory of Screening, Education, and the Distribution of Income
Stiglitz, J. E. (1975) · Columbia Academic Commons (Columbia University) · doi:10.7916/d8pg22pm · Cited by 1,353
Information and Competitive Price Systems
Stiglitz, J. E., & Grossman, S. J. (1976) · Columbia Academic Commons (Columbia University) · doi:10.7916/d8959tj2 · Cited by 921
Job Queues and Layoffs in Labor Markets with Flexible Wages
Weiss, A. (1980) · Journal of Political Economy · doi:10.1086/260884 · Cited by 637
The Rat Race and Internal Labor Markets
Miyazaki, H. (1977) · The Bell Journal of Economics · doi:10.2307/3003294 · Cited by 407
The Nature of Equilibrium in Markets with Adverse Selection
Wilson, C. (1980) · The Bell Journal of Economics · doi:10.2307/3003403 · Cited by 275
Workers and Wages in an Urban Labor Market
Roomkin, M., Rees, A., & Shultz, G. P. (1972) · The Journal of Human Resources · doi:10.2307/145189 · Cited by 189
Risk Shifting and Reliability in Labor Markets
(1978) · doi:10.1007/978-1-349-03917-3_3 · Cited by 32
Cited by
Credit Rationing in Markets with Imperfect Information
Stiglitz, J. E., & Weiss, A. (1981) · Columbia University · doi:10.7916/d8v12ft1 · Cited by 12,769
Information and the Change in the Paradigm in Economics
Stiglitz, J. E. (2002) · American Economic Review · doi:10.1257/00028280260136363 · Cited by 1,455
Why Do Firms Train? Theory and Evidence
Acemoglu, D., & Pischke, J.-S. (1998) · The Quarterly Journal of Economics · doi:10.1162/003355398555531 · Cited by 992
Employer Learning and Statistical Discrimination
Altonji, J. G., & Pierret, C. R. (2001) · The Quarterly Journal of Economics · doi:10.1162/003355301556329 · Cited by 894
The Economics of Private Sector Training: A Survey of the Literature
Leuven, E. (2005) · Journal of Economic Surveys · doi:10.1111/j.0950-0804.2005.00240.x · Cited by 256
Metadata
- Authors
- Greenwald, B. C. N.
- Venue
- Routledge eBooks
- Publisher
- Routledge
- Published
- 2018-12-07
- OpenAlex
- W1993842545
- Cited by
- 441
- References
- 10
- FWCI
- 11.38
- Type
- book
- Language
- en
- Open access
- closed
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