I can see why Michael Spence won the Economics Nobel Prize:<div><br></div><div><span class="Apple-style-span" style="font-family: Trebuchet, Tahoma, &#39;Myriad Roman&#39;, Arial, Helvetica, sans-serif; background-color: rgb(255, 255, 255);"><b>Contrary to the <span class="searchword">model</span> without <span class="searchword">employer</span> <span class="searchword">learning</span>, we find that the Intuitive Criterion does not always select a unique separating equilibrium. When the Intuitive Criterion bites <span class="searchword">and</span> information is purely asymmetric, the separating level of education does not depend on the observability of workers&#39; types. On the other hand, when workers are also uncertain about their productivity, the separating level of education is ambiguously related to the speed of <span class="searchword">employer</span> learning.</b></span></div>
<div><font class="Apple-style-span" face="Trebuchet, Tahoma, &#39;Myriad Roman&#39;, Arial, Helvetica, sans-serif"><br></font></div><div><font class="Apple-style-span" face="Trebuchet, Tahoma, &#39;Myriad Roman&#39;, Arial, Helvetica, sans-serif">Care to elaborate please?</font></div>
<div><font class="Apple-style-span" face="Trebuchet, Tahoma, &#39;Myriad Roman&#39;, Arial, Helvetica, sans-serif"><br></font></div><div><font class="Apple-style-span" face="Trebuchet, Tahoma, &#39;Myriad Roman&#39;, Arial, Helvetica, sans-serif">bernard</font></div>
<div><font class="Apple-style-span" face="Trebuchet, Tahoma, &#39;Myriad Roman&#39;, Arial, Helvetica, sans-serif"><br></font><br><div class="gmail_quote">On Mon, Oct 17, 2011 at 7:22 PM, Phares Kariuki <span dir="ltr">&lt;<a href="mailto:pkariuki@gmail.com">pkariuki@gmail.com</a>&gt;</span> wrote:<br>
<blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex;"><font color="#330099"><font size="2"><font face="arial,helvetica,sans-serif">Guys should read up on the Job-Market signaling model and employer learning. A model that earned Michael Spence the Nobel Prize for economics. I&#39;m beginning to make sense of the mess, in my head... </font></font></font><div>


<font color="#330099"><font size="2"><font face="arial,helvetica,sans-serif"><br></font></font></font></div><div><font color="#330099"><font size="2"><font face="arial,helvetica,sans-serif">And I agree, it&#39;s wrong to employ graduates (who ideally should be developing software etc) as support engineers. <br>


</font></font></font><div><div></div><div class="h5"><br><div class="gmail_quote">On Mon, Oct 17, 2011 at 7:19 PM, Paul Roy <span dir="ltr">&lt;<a href="mailto:roykoikai@gmail.com" target="_blank">roykoikai@gmail.com</a>&gt;</span> wrote:<br>
<blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">

Misuse of skills...you dont study computer science to go and do desktop support!!!!<br><br><div class="gmail_quote"><div>On Fri, Oct 7, 2011 at 12:48 PM, Joseph Maina <span dir="ltr">&lt;<a href="mailto:mainasoft00@gmail.com" target="_blank">mainasoft00@gmail.com</a>&gt;</span> wrote:<br>



</div><blockquote style="margin:0px 0px 0px 0.8ex;padding-left:1ex;border-left-color:rgb(204, 204, 204);border-left-width:1px;border-left-style:solid" class="gmail_quote"><div>Skunkers <div><br></div><div><span style="line-height:16px;font-family:&quot;lucida grande&quot;, tahoma, verdana, arial, sans-serif;font-size:10px;background-color:rgb(255, 255, 255)">Safaricom is looking to recruit DESKTOP SUPPORT ENGINEERS. If you hold a Bachelor of Science degree in Computer Science, IT or equivalent and have Microsoft Certification, this job could be yours. Apply now!</span></div>




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Other services @ <a href="http://my.co.ke" target="_blank">http://my.co.ke</a><br></div></blockquote></div><font color="#888888"><br><br clear="all"><br>-- <br>&quot;Change is slow and gradual. It requires hardwork, a bit of<br>


luck, a fair amount of self-sacrifice and a lot of patience.&quot;<br>
<br>Roy.<br>
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<br>Phares Kariuki<br><br>| T: <a href="tel:%2B254%20720%20406%20093" value="+254720406093" target="_blank">+254 720 406 093</a> | E: <a href="mailto:pkariuki@gmail.com" target="_blank">pkariuki@gmail.com</a> | Twitter: kaboro | Skype: kariukiphares | B: <a href="http://www.kaboro.com/" target="_blank">http://www.kaboro.com/</a> |</font><br>



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