Adverse Selection when Jobs are Hard to Do
Bibliographic Data
| ID | 10493401 |
|---|---|
| Authors | Anthony A Sampson (University of Salford, corresponding author), Robert Simmons (0000-0003-1755-4088, University of Salford) |
| Year | 2000 |
| Volume | 47 |
| Issue | 3 |
| Pages | 325-336 |
| Publication date | 2000-08-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Scottish Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0036-9292 • E-ISSN: 1467-9485 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/1467-9485.00165 |
| OpenAlex | W1974709893 |
| Language | EN |
Privately observed ability increases output and reduces effort required to complete tasks, in a model where harder tasks produce more output. The relation between average quality of the workforce and the wage rate is ambiguous. The model also produces a rat‐race, in the sense that some individuals work harder than is socially optimal. This distortion can be corrected by a non‐linear tax
Adverse selection · Distortion (music · Econometrics · Economics · Labour economics · Microeconomics · Quality (philosophy · Race (biology · Relation (database · Selection (genetic algorithm · Sociology · Wage · Work (physics · Workforce · Artificial Intelligence · Computer Science · Economic Policies and Impacts · Economic theories and models · Engineering · Politics, Economics, and Education Policy
| Citation velocity | historical |
|---|---|
| Highly cited | No |