Faculty News
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Prof. Michael Spence's theory of signaling is featured
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![Bloomberg View logo Bloomberg View logo](/sites/default/files/styles/192w_x_144h/public/assets/images/bloombergview_0.jpg?h=cd55d432&itok=h3eG4VTn)
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."
Faculty News
—
![Bloomberg View logo Bloomberg View logo](/sites/default/files/styles/192w_x_144h/public/assets/images/bloombergview_0.jpg?h=cd55d432&itok=h3eG4VTn)
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."