Tag
information_asymmetry
5 findings
Labour & employmentDual-Barrier Hiring FrictionsProviding promotional advertising alone doubled applicants per vacancy from 25 to 51, but produced no measurable impact on firm hiring. Candidate identity verification alone yielded zero statistically measurable increase in hiring relative to the comparison group.RCTLabour & employmentFormal Resume Experience Reporting DiscrepancySelf-reported survey data indicated that 15% of candidates had no prior work experience, whereas submitted résumé data indicated that 35% of candidates had no prior work experience, revealing a 20 percentage point underreporting gap on formal application documents.Observational StudyBehaviour & psychologyIntra-Household Information AsymmetryVarying information asymmetry produced no statistically significant differences in total remittances across information settings (e.g., p = 0.127 for equality of labeling impacts across information conditions).RCTLabour & employmentSignal Variance Reduction ModelReducing signal variance ($\sigma^2$) strictly increases both the unconditional hiring probability $\Phi\left(\frac{-0.5r\sigma^2}{\sqrt{1+\sigma^2}}\right)$ and expected match quality, provided the firm's absolute risk aversion coefficient $r < 1.2533$.Expert TheoryLabour & employmentWhite-Collar Service Wage Premium AsymmetryStarting BPO salaries for entry-level candidates with basic English and computer skills ranged from 5,000 to 10,000 INR ($110-220 USD) per month in 2003, representing 200 percent of the average pay for non-BPO workers with similar educational attainment.Observational Study