Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/58662
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dc.contributor.authorDawid, Herberten_US
dc.contributor.authorMuehlheusser, Gerden_US
dc.date.accessioned2012-05-22en_US
dc.date.accessioned2012-06-15T07:50:23Z-
dc.date.available2012-06-15T07:50:23Z-
dc.date.issued2012en_US
dc.identifier.piurn:nbn:de:101:1-2012080812158-
dc.identifier.urihttp://hdl.handle.net/10419/58662-
dc.description.abstractIn contexts such as education and sports, skill-accumulation of individuals over time crucially depends on the amount of training they receive, which is often allocated on the basis of repeated selection. We analyze optimal selection policies in a model of endogenous skill formation where, apart from their ability to transform training into skills, individuals also differ with respect to relative age. The latter has been identified by recent empirical research as a major determinant for performance differentials within cohorts. We find that the optimal policy is pro-competitive at later selection stages in the sense of selecting the individuals with the higher skill signals. All eventual corrections due to relative age occur at early stages, where selection is either counter-competitive (i.e. individuals with low skill signals are selected) or even avoided at all. Thereby, the induced selection quality is non-monotone in the degree of ex-ante asymmetry due to relative age. Finally, the (empirical) observation of persistent relative age effects does in general not hint at suboptimal selection policies.en_US
dc.language.isoengen_US
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen_US
dc.relation.ispartofseries|aDiscussion Paper series, Forschungsinstitut zur Zukunft der Arbeit |x6478en_US
dc.subject.jelJ24en_US
dc.subject.jelM53en_US
dc.subject.jelI25en_US
dc.subject.jelI28en_US
dc.subject.ddc330en_US
dc.subject.keywordskill formationen_US
dc.subject.keywordhuman capitalen_US
dc.subject.keywordselectionen_US
dc.subject.keywordheterogeneityen_US
dc.subject.keywordage effectsen_US
dc.subject.keywordtrainingen_US
dc.subject.keywordeducationen_US
dc.subject.stwBildungsinvestitionen_US
dc.subject.stwBerufsbildungen_US
dc.subject.stwAltersgruppeen_US
dc.subject.stwAuswahlen_US
dc.subject.stwTheorieen_US
dc.titleRepeated selection with heterogenous individuals and relative age effectsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn715964437en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US

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