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Routledge Adverse Selection in Labor Market - Routledge Economics

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Description

First published in 1979, this foundational thesis examines the theoretical impact of adverse selection processes on labour markets, drawing on principles outlined by George Arthur Akerlof. The work explores how information asymmetries shape employer decisions when evaluating new workers. It investigates the signalling effect created when workers leave previous employment, arguing that employers capable of identifying and retaining high-performing staff will face a disproportionately skewed labour pool of departing workers. This economic analysis reveals how labour market dynamics are fundamentally influenced by incomplete information and the strategic behaviour of both employers and employees seeking to signal quality and capability.

Key Features

Examines adverse selection theory as applied to labour market dynamics and employment relationships.

Explores information asymmetries between employers and workers in hiring and retention decisions.

Analyses how worker departures signal quality differences within the broader labour pool.

Part of the Routledge Library Editions series on Labour Economics, offering a comprehensive theoretical framework.

Originally published in 1979, providing historically significant economic research on market efficiency.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
30 November 2018
Listed Since
24 August 2018

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