| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5058696 | Economics Letters | 2015 | 4 Pages |
Abstract
This note examines the key role of information about individual skills in economic welfare. In the model, agents invest in higher education when the returns to their investment are uncertain. They choose how to finance their investment on the basis of a public signal about their individual skills. This note provides an example of an economic framework in which, in equilibrium, more information about individual skills (more accurate signals) makes economic agents worse off.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Limor Hatsor,