Repeated Selection with Heterogenous Individuals and Relative Age Effects

Dawid H, Mühlheußer G (2015)
Journal of Economic Behavior and Organization 116: 387-406.

Download
No fulltext has been uploaded. References only!
Journal Article | Original Article | Published | English

No fulltext has been uploaded

Abstract
In 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.
Publishing Year
ISSN
PUB-ID

Cite this

Dawid H, Mühlheußer G. Repeated Selection with Heterogenous Individuals and Relative Age Effects. Journal of Economic Behavior and Organization. 2015;116:387-406.
Dawid, H., & Mühlheußer, G. (2015). Repeated Selection with Heterogenous Individuals and Relative Age Effects. Journal of Economic Behavior and Organization, 116, 387-406. doi:10.1016/j.jebo.2015.04.017
Dawid, H., and Mühlheußer, G. (2015). Repeated Selection with Heterogenous Individuals and Relative Age Effects. Journal of Economic Behavior and Organization 116, 387-406.
Dawid, H., & Mühlheußer, G., 2015. Repeated Selection with Heterogenous Individuals and Relative Age Effects. Journal of Economic Behavior and Organization, 116, p 387-406.
H. Dawid and G. Mühlheußer, “Repeated Selection with Heterogenous Individuals and Relative Age Effects”, Journal of Economic Behavior and Organization, vol. 116, 2015, pp. 387-406.
Dawid, H., Mühlheußer, G.: Repeated Selection with Heterogenous Individuals and Relative Age Effects. Journal of Economic Behavior and Organization. 116, 387-406 (2015).
Dawid, Herbert, and Mühlheußer, Gerd. “Repeated Selection with Heterogenous Individuals and Relative Age Effects”. Journal of Economic Behavior and Organization 116 (2015): 387-406.
This data publication is cited in the following publications:
This publication cites the following data publications:
Material in PUB:
Earlier Version
Repeated Selection with Heterogenous Individuals and Relative Age Effects
Dawid H, Mühlheußer G (2012) Working Papers in Economics and Management; 02-2012.
Bielefeld: Bielefeld University, Department of Business Administration and Economics.

Export

0 Marked Publications

Open Data PUB

Web of Science

View record in Web of Science®

Search this title in

Google Scholar