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...applicant to cast as broad a net as possible when applying. The challenge employers then face is selecting among those genuinely interested in the position and those merely hedging their bets through precautionary recruiting. In the language of George Akerlof, the Nobel Prize-winning economist who described the used-car market as having buyers and sellers with different amounts of information about the transaction to be made, the recruiting market is ridden with “adverse selection.” In the Harvard case, it is not hidden car qualities, but rather uncertain applicant motivations that force employers...
Like in Akerlof’s used-car market, the OCR platform presents employers with two categories of lemons (though others exist)—the disinterested applicant and the opportunitistic one. The former may not initially be interested in the job at all but feigns interest once granted an interview. This represents an error in selection against the interests of applicants who would like offers from the jobs they prefer most. But because of uncertainty in the market, interviews and offers are misallocated from those who should ideally receive them, those most qualified and committed for a given job?...
...knew you were back in Baghdad," my Iraqi friend said when I phoned on April 4. I had flown in earlier that morning, and shortly after that, three car bombs had exploded outside embassies in the capital. "You are bad luck," he said with a laugh. It was our inside joke ever since January, when his father and I were nearly blown up after a suicide bomber in a white minibus detonated himself outside a hotel we had just entered...
...province on March 26, the day when results of the country's March 7 parliamentary elections were announced; and 40 were killed - including in two apartment bombings - on election day itself, which Bloom says had "no significant attacks." In the walk-up to the vote, 40 were killed in car bombs in Karbala in February, and 36 died on Jan. 25, when car bombs targeted three hotels in Baghdad (including the one that nearly got me and my friend's father). Substantial attacks, at nearly a once-a-month rate, can be traced back to August 2009, when two truck...
...mistake we often make in thinking about China is to ask, How does the West accommodate a rising China? This is sort of like asking, How do we fit a big and growing guy into the back of an already full car? It's a question to which any answer suggests expanding discomfort. And in the eyes of many in Beijing, the car isn't running so well anyway. Might it not be better, Chinese wonder, to redesign it? Some of the questions China has started asking about the world system are ones we should be asking too. This...