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They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. This dissertation consists of three chapters on topics in labor economics.Firms will accordingly under-invest in discovering novice talent unless they can claim the benefit from doing so.Providing the market with more detailed information about the performance of a subset of the randomly-hired workers raised earnings of high-productivity workers and decreased earnings of low-productivity workers.
I test this model's relevance in an online labor market by hiring 952 workers at random from an applicant pool of 3,767 for a 10-hour data entry job.
In this market, worker performance is publicly observable.
In the third chapter, I analyze the effects of the Tennessee Education Lottery Scholarships, a broad-based merit scholarship program that rewards students for their high school achievement with college financial aid.
Accounting Firm Business Plan - Thesis Labor Economics
Since 1991, over a dozen states, comprising approximately a quarter of the nation's high school seniors, have implemented similar merit scholarship programs. This information has option value as a productive novice can be rehired. In the first chapter, I present a model in which firms under-invest in hiring novice workers because they don't receive the full benefit of discovering novice talent. When it does, it obtains both labor services and information about the worker's productivity.I show that students' response to the cost change is inconsistent with optimal decision-making but instead suggests that students use rules of thumb to make college application decisions.Sending additional score reports could, based on my estimates, substantially increase low-income students' future earnings.In response to this cost change, ACT-takers sent more score reports and applications, while SAT-takers did not.ACT-takers also widened the range of colleges to which they sent scores.If you do not wish to become a member of EALE you should follow the guidelines in the email regarding how to send your payment - of EUR 75, USD 100, Y 8,000.The submission fee revenue is used to support journal related activities and is non-refundable.In the second chapter, I estimate the sensitivity of students' college application decisions to a small change in the cost of sending standardized test scores to colleges.In 1997, the ACT increased the number of free score reports it provided to students from three to four, maintaining a marginal cost for each additional report.