Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/58662 
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dc.contributor.authorDawid, Herberten
dc.contributor.authorMuehlheusser, Gerden
dc.date.accessioned2012-05-22-
dc.date.accessioned2012-06-15T07:50:23Z-
dc.date.available2012-06-15T07:50:23Z-
dc.date.issued2012-
dc.identifier.piurn:nbn:de:101:1-2012080812158en
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
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x6478en
dc.subject.jelJ24en
dc.subject.jelM53en
dc.subject.jelI25en
dc.subject.jelI28en
dc.subject.ddc330en
dc.subject.keywordskill formationen
dc.subject.keywordhuman capitalen
dc.subject.keywordselectionen
dc.subject.keywordheterogeneityen
dc.subject.keywordage effectsen
dc.subject.keywordtrainingen
dc.subject.keywordeducationen
dc.subject.stwBildungsinvestitionen
dc.subject.stwBerufsbildungen
dc.subject.stwAltersgruppeen
dc.subject.stwAuswahlen
dc.subject.stwTheorieen
dc.titleRepeated selection with heterogenous individuals and relative age effects-
dc.typeWorking Paperen
dc.identifier.ppn715964437en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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