1st Edition

Adverse Selection in the Labor Market

By Bruce C. N. Greenwald Copyright 1979
316 Pages
by Routledge

316 Pages
by Routledge

316 Pages
by Routledge

First published in 1979. This thesis describes the theoretical impact on labour markets of a process of adverse selection similar to that described in outline by George Arthur Akerlof. It concerns the information conveyed to potential employers by the fact that any new worker, except for one just entering the labour force, has either left or is prepared to leave his latest Job. If an employer is... Read more

1. Introduction  2. Two Period Models  3. Three and Multi-Period Models  4. An Application: The Market for Slaves in Pre-Civil War New Orleans  5. Welfare Implications and Conclusions;  Bibliography

Biography

Greenwald, Bruce C. N.