Job Market Signaling with Human Capital Investment
In this paper, we consider the social value of signaling by recasting the Spence's (1973) signaling model in a causal relationship: human capital investment is necessary to reduce the marginal cost of signaling. Our model contains distinct features: (i) the choice of signaling a§ects the level...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2014
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soe_research/1571 https://ink.library.smu.edu.sg/context/soe_research/article/2570/viewcontent/10_geamlee_v2.pdf |
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| Institution: | Singapore Management University |
| Language: | English |