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Federal Reserve Bank of St. Louis: 'Firm-Worker Matches: Experience or Inspection Goods?'
May 22, 2026
ST. LOUIS, Missouri, May 22 (TNSLrpt) -- The Federal Reserve Bank of St. Louis issued the following white paper (No. 2026-009) on May 14, 2026, entitled "Firm-Worker Matches: Experience or Inspection Goods?"

Here are excerpts:

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We propose a novel empirical strategy to infer the extent to which firm-worker matches are inspection or experience goods. We argue that the informative content of the signals that firms and workers receive about the p . . .

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