Quotempole Logo
Share Your Intelligence! Collect your own quotes, create custom quotelists and more.
What is Quotempole?down
Why Use Quotempole?down
How Can I Capture Quotes?down

Quote

quote icon Signalling helps explain what happened when Washington and those other states stopped firms from obtaining job-applicants’ credit scores. Credit history is a credible signal: it is hard to fake, and, presumably, those with good credit scores are more likely to make good employees than those who default on their debts. Messrs Clifford and Shoag found that when firms could no longer access credit scores, they put more weight on other signals, like education and experience. Because these are rarer among disadvantaged groups, it became harder, not easier, for them to convince employers of their worth.
Share

Sign In to comment on this quote
quote picture

Extra Quote Detail

comment
Comments
reference
Reference
tag icon
Tags
url
URL
quoteList icon
Quotelists