Interviews and adverse selection

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Josephson, Jens; Shapiro, Joel. Interviews and adverse selection. 2008
http://hdl.handle.net/10230/1194
To cite or link this document: http://hdl.handle.net/10230/1194
dc.contributor.author Josephson, Jens
dc.contributor.author Shapiro, Joel
dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
dc.date.issued 2008-05-01
dc.identifier.uri http://hdl.handle.net/10230/1194
dc.description.abstract Interviewing in professional labor markets is a costly process for firms. Moreover, poor screening can have a persistent negative impact on firms’ bottom lines and candidates’ careers. In a simple dynamic model where firms can pay a cost to interview applicants who have private information about their own ability, potentially large inefficiencies arise from information-based unemployment, where able workers are rejected by firms because of their lack of offers in previous interviews. This effect may make the market less efficient than random matching. We show that the first best can be achieved using either a mechanism with transfers or one without transfers.
dc.language.iso eng
dc.relation.ispartofseries Economics and Business Working Papers Series; 1093
dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.title Interviews and adverse selection
dc.type info:eu-repo/semantics/workingPaper
dc.date.modified 2014-06-03T07:14:22Z
dc.subject.keyword Microeconomics
dc.subject.keyword Labour, Public, Development and Health Economics
dc.subject.keyword decentralized labor markets
dc.subject.keyword professional labor markets
dc.subject.keyword asymmetric information
dc.subject.keyword interview costs
dc.subject.keyword matching
dc.rights.accessRights info:eu-repo/semantics/openAccess


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