scholarly journals Signalling to Experts

2020 ◽  
Author(s):  
Pablo Kurlat ◽  
Florian Scheuer
Keyword(s):  
Imperfect Information ◽  
Multiple Equilibria ◽  
Quarterly Journal ◽  
Insurance Markets ◽  
Job Market ◽  
Strategic Complements ◽  
High Type ◽  
Education Decisions ◽  
Competitive Equilibria

Abstract We study competitive equilibria in a signalling economy with heterogeneously informed buyers. In terms of the classic Spence (1973, The Quarterly Journal of Economics, 87, 355—374) model of job market signalling, firms have access to direct but imperfect information about worker types, in addition to observing their education. Firms can be ranked according to the quality of their information, i.e., their expertise. In equilibrium, some high-type workers forgo signalling and are hired by better informed firms, which make positive profits. Workers’ education decisions and firms’ use of their expertise are strategic complements, allowing for multiple equilibria that can be Pareto ranked. We characterize wage dispersion and the extent of signalling as a function of the distribution of expertise among firms. Our model can also be applied to a variety of other signalling problems, including securitization, corporate financial structure, insurance markets, or dividend policy.

Alumni Evaluate Poly Sci Courses

1983 ◽  
Vol 38 ◽  
pp. 15-16
Author(s):  
Frank Whelon Wayman
Keyword(s):  
Quality Of Life ◽  
Political Science ◽  
Liberal Arts ◽  
Occupational Status ◽  
The Political ◽  
University Of Michigan ◽  
Job Market ◽  
Arts Programs ◽  
The University

The political scientists at the University of Michigan, Dearborn, concerned about what becomes of political science majors in today's job market, have completed a survey of the occupational status and quality of life of recent alumni. This paper examines the potential contributions of that survey as a model for future evaluations of political science programs and other liberal arts programs. In the paper, I will discuss the design of the study, its findings, and the lessons that might be useful to those who would wish to do such studies on their own campuses.DesignThe University of Michigan, Dearborn evaluation was done primarily by, and for the benefit of, the political science faculty. Thus, the evaluation was tailored to particular faculty interests and concerns.

scholarly journals The work market awake for aged people

2007 ◽  
Vol 2 (1) ◽  
pp. 43-50
Author(s):  
Ana Maya Goto Uyehara
Keyword(s):  
Old Age ◽  
Aging Process ◽  
Point Of View ◽  
Professional Life ◽  
The Other ◽  
Job Market ◽  
Aged People ◽  
Current Concerns ◽  
Life Projects

At the end of XX century, the old age theme has been approached due to concern of the society with the quality of man’s life in the aging process and the fact of seniors correspond to a growing representative portion of the population in the quantitative point of view. So the aging changes in a problem that wins expressiveness and legitimacy in the field of the daily current concerns. This article intends to demonstrate that the work can articulate other life projects for the seniors and to avoid psychic pathologies in the old age that can appear due to the loss of personal identity, to the involvement lack in motivated activities or starting from the adoption of inadequate consumption ways or lifestyles. For this, this article assumes a line of preventive character explanation under two slopes: the first refers to the fact that, if the work ennobles the man, he must acquire or improve this individual competences, adapting them to the new demands of the job market to get a job, or even to reactivate his professional life because new life projects. The second slope follows the direction of the discovery of the seniors’ potentialities for the companies, which can adapt the qualities [and limitations] of this workers category to the various functions in the organization. The Brazilian entrepreneur needs to be attentive to the image of his company and the differential competitive that can distinguish it of the other companies. And this can be to employee senior people or to maintenance it in the company personnel staff.

Preparing Trainee Translators for the Job Market

2018 ◽  
pp. 137-167
Author(s):  
Bryan J. Robinson ◽  
M. Dolores Olvera-Lobo
Keyword(s):  
Social Network ◽  
Social Network Analysis ◽  
Network Analysis ◽  
Online Survey ◽  
Interpersonal Relations ◽  
Team Cohesion ◽  
Job Market ◽  
Friendship Relations ◽  
Professional Workplace

Competence-based learning contrasts radically with content-focused education. Today's undergraduate programmes take a multidisciplinary approach that imbues learning with input from the professional workplace. This chapter describes possibly the first social network analysis of trainee translators participating in an intensive, randomised teamwork experience centred on project-based, cooperative learning. An online survey gathered data and perceptions of the teamwork experience and of interpersonal relations. Participants describe friendship relations, the quality of their peers' performance in professional roles, and their preferences with regard to the roles, and these are contrasted within the teams. These indicators of intra-team cohesion are compared with course-final achievement. Results indicate that the strengthening of friendship ties accompanies greater cohesion in teams and may be associated with higher achievement. This suggests that a multidisciplinary focus on teamwork competences enhances learners' professional prospects.

Literacy as a Bridge to Quality of Life

2021 ◽  
pp. 25-35
Keyword(s):  
Quality Of Life ◽  
Information Technology ◽  
Lifelong Learning ◽  
21St Century ◽  
Job Market ◽  
Personal Lives ◽  
Key Competencies ◽  
Educational Professional

Information technology spreads through the life of the whole society in the educational, professional, and personal lives. It heightens the requirements for the reader's competence and defines key competencies for the 21st century. The requirement for the successful entry to the job market is increasingly about the competency to handle information technology. The problems in reading are a major source of challenges in the inclusion. Strengthening of the reader's skills and extending the offer for lifelong learning is therefore key for overcoming these challenges. This chapter explores literacy as a bridge to quality of life.

Contribution of prejudiced clustering education system in developing horizontal and vertical mismatch in job market: quality of employees in banking sector

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Gazi Mahabubul Alam ◽  
Samsilah Roslan
Keyword(s):  
Education System ◽  
Banking Sector ◽  
Business Management ◽  
Secondary Data ◽  
Personal Communication ◽  
Reciprocal Relationship ◽  
Primary Data ◽  
Job Market ◽  
Content Type

PurposeEducation system supplies the required manpower in order to ensure the national prosperity. A salient link between education and business sector is a prerequisite to cater economically productive manpower. Economic and social development supplements each other that can only be ensured via a functional education system. A dysfunction education system created by a biased clustering policy develops a greater horizontal and vertical mismatch with the job market in many developing nations. This mismatch dents the quality of business management that halts the national prosperity. Therefore, the role of education has become questionable. This research aims to bridge between education and business sectors.Design/methodology/approachGiven the differentiated nature of research questions, multiple techniques are used to collect the data. However, this research bears the norms of qualitative method. Both secondary and primary data are used. While, secondary data are collected by the banks, Bangladesh Bureau of Educational Information and Statistics (BANBEIS) and by the University Grants Commission (UGC), primary data are collected through interviews. Document review and data collected through personal communication with members of staff of sampled banks and institutes of HE also supplements. Data were collected from six commercial banks and from the Central Bank.FindingsFindings suggest that clustering system favours science graduates by depriving business counterpart, which creates an atmosphere of educational disparity. This disparity affects the symbiotic and reciprocal relationship that exists amongst different provisions (i.e. secondaryand tertiary) of education. Favoured clustering system further contributes for a larger “horizontal educational mismatch” with job market. Therefore, science graduates occupy the places in the banks where business graduates should ideally be employed. Being a dysfunction system, education fails to support substantially for social and economic developments.Originality/valueA few studies are conducted in the area of HE in Bangladesh but none covers the issue of impact of clustering system of education in secondary provision on HE and job market. Graduates' performance in carrying out the jobs is seen as the most important element for the business management. This study has suggested a unique way forward which would be able to reduce the mismatch between education system and job market, enabling a substantial business management process. Considering this, the paper is first on its kind.

Endogenous Institution in Decentralization

2011 ◽  
Vol 16 (2) ◽  
pp. 1-18
Author(s):  
Iwan J Azis
Keyword(s):  
Multiple Equilibria ◽  
Critical Role ◽  
Welfare Effect ◽  
Local Elections ◽  
Local Leader ◽  
Decentralization Policy ◽  
Local Budget ◽  
And Behavior ◽  
Local Capture

Decentralization policy by itself is not a panacea for problems of accountability. A model is developed to exemplify a condition whereby given widespread 'capture’ in local elections, voices or people’s participation stands out as the most important factor that determines whether the decentralization system produces positive or negative local capture. The size of local budget and the initial welfare condition matter as well. The latter can also explicate the persistent gap between poor and rich regions observed in many countries. The welfare effect of the policy depends on the behavior and quality of local leader that govern the interplay of the above factors. The model can thus produce multiple equilibria. To the extent that the quality and behavior of local leader play a critical role, a three-player coordination game is constructed to reflect the hypothesis postulated by the theory of endogenous institution.

scholarly journals Heterogeneity of demand and product innovation

2017 ◽  
Vol 47 (1) ◽  
pp. 5-37 ◽  
Author(s):  
Thiago Caliari ◽  
Marco Valente ◽  
Ricardo Machado Ruiz
Keyword(s):  
Product Innovation ◽  
Imperfect Information ◽  
Evolutionary Model ◽  
Quality Of Information ◽  
Choice Procedures ◽  
Differentiated Goods ◽  
The Relationship ◽  
Role Of Information

Abstract This paper discusses the relationship between heterogeneity of demand regarding choice procedures and product innovation. We propose an evolutionary model showing how consumers with imperfect information chose and select differentiated goods. The model shows the role of information and choice procedures and its relation with the innovative process. The price plays an important role, but the quality of information, error tolerance and criteria for preference ordering are important determinants of the performance of firms in an industry with product innovation.

Searching for Good Policies

2011 ◽  
Vol 105 (4) ◽  
pp. 643-662 ◽  
Author(s):  
STEVEN CALLANDER
Keyword(s):  
Imperfect Information ◽  
Political Competition ◽  
Institutional Constraints ◽  
Policy Uncertainty ◽  
Complex Environments ◽  
Environment Impact ◽  
Voter Preferences ◽  
Democratic Systems ◽  
Novel Model

Policymaking is hard. Policymakers typically have imperfect information about which policies produce which outcomes, and they are left with little choice but to fumble their way through the policy space via a trial-and-error process. This raises a question at the heart of democracy: Do democratic systems identify good policies? To answer this question I introduce a novel model of policymaking in complex environments. I show that good policies are often but not always found and I identify the possibility of policymaking getting stuck at outcomes that are arbitrarily bad. Notably, policy stickiness occurs in the model even in the absence of institutional constraints. This raises the question of how institutions and the political environment impact experimentation and learning. I show how a simple political friction—uncertainty over voter preferences—interacts with political competition and policy uncertainty in a subtle way that, surprisingly, improves the quality of policymaking over time.

Sign in / Sign up

Export Citation Format

Share Document