Experience Stern | News & Events

Excerpt from Bloomberg View -- "Spence realized that there is a lot of information asymmetry in the job market. Employers want employees who are smart, conscientious, hard-working and team-oriented. But they can’t tell most of those things from an interview or two. So prospective employees might prove themselves by getting some credential -- completing some difficult educational program -- to prove they have what it takes. Thus was born the signaling theory of education."

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