منابع مشابه
Heterogeneous Information and the Labor Market ∗
I introduce dispersed information in a search and matching model of the labor market, where firms are hit by aggregate and idiosyncratic productivity shocks. The latter induce larger responses in recruiting activity than the former because aggregate shocks are relatively less persistent and have general equilibrium effects which partially offset the change in fundamentals. Informational frictio...
متن کاملMarket Watch: Information and Availability Cascades among the Media and Investors in the U.s. Ipo Market
In this study we advance current research on social influence in markets by examining how the recency and availability of information about others’ actions within and between different communities influence their allocation of attention and their evaluations. Specifically, we examine how the media and investors allocate attention to and evaluate newly public firms in the days following their in...
متن کاملGenetic information, obesity, and labor market outcomes.
Economists have argued that obesity may lead to worse labor market outcomes, especially for women. Empirical methods to test this hypothesis have not thus far adequately controlled for the endogeneity of obesity. We use variation in genotype to predict variation in phenotype (obesity). Genetic information from specific genes linked to obesity in the biomedical literature provides strong exogeno...
متن کاملHeterogeneous Information and Labor Market Fluctuations∗
Idiosyncratic productivity shocks induce larger adjustments to hiring than aggregate shocks, because general equilibrium effects on search frictions and wages partially offset the latter. When firms cannot disentangle the two shocks, they attribute aggregate disturbances partly to idiosyncratic factors and to that extent, respond more aggressively. This translates into increased aggregate volat...
متن کاملInformation transparency, fairness and labor market efficiency
The paper studies the role of information transparency on fairness concerns, welfare and e ciency. When the rm's productivity and ultimately pro ts are revealed, wage o ers induce relatively fair divisions of potential gains and workers respond with higher performance. Workers respond not only to wages but also to rms' intentions concerning fairness. Information transparency serves as a mechani...
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ژورنال
عنوان ژورنال: Journal of Economics
سال: 2003
ISSN: 0931-8658
DOI: 10.1007/s00712-002-0615-0