Signaling and Employer Learning with Instruments

We thank Thomas Lemieux, three anonymous referees, Peter Arcidiacono, Leora Friedberg, John Bodian Klopfer, Edwin Leuven, Emily Nix, John Pepper, and participants at the 2018 Cowles Conference in Honor of Joseph Altonji, 2019 Essen Health Conference and seminar participants at University of Bergen, Ohio State University, Norges Bank, University of Southern California, University of Calgary, Goethe University Frankfurt, University of Alberta, University of British Columbia, University of Sussex, University of Delaware, University of Waterloo, University of Rochester, London School of Economics, Frisch Centre for Economic Research, Tinbergen Institute, Harris School of Public Policy and Georgetown University for helpful comments and suggestions. This project received generous financial support from the Research Council of Norway through grants 194339, 250516, 267428 and 275123, the Social Science and Humanities Research Council of Canada and the Canada Research Chair program. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

• May 22, 2019
• February 4, 2020