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While you may argue that it is inefficient, there is something to be said for the power of signaling theory. I think that if the interview process ends up simpl
by ChicagoBoy11 10y ago
While you may argue that it is inefficient, there is something to be said for the power of signaling theory. I think that if the interview process ends up simply weeding out candidates that are willing and have the motivation to study for a few months for the job versus candidates who aren't, it is in it of itself probably extremely valuable as a selection tool. Heck, there is a lot of literature suggesting that this is what college is mostly about.
The thorny -- and important issue -- in all of this is recognize that the cost of "studying for a few months" varies sharply between people. when it comes to matters of equity of access, this is something that this model is bad at dealing with. Some 17yr old with a solid family background who has no responsibilities is facing very different constraints on "studying for a few months" then an older single-family professional trying to make a career switch.