Economics of job market

This is an interesting article in mint on how looks can affect your job prospects.  An excerpt from the article..

“Most of us, regardless of our professed attitudes, prefer as customers to buy from better-looking salespeople, as jurors to listen to better-looking attorneys, as voters to be led by better-looking politicians, as students to learn from better-looking professors,” wrote Hamermesh. “This is not a matter of evil employers refusing to hire the ugly: in our roles as workers, customers and potential lovers, we are all responsible for these effects.”

This is an interesting point, if we as customers are biased towards buying products from better looking salesperson isn’t it logical for the businesses to discriminate candidates based on looks? Earlier research has shown that discrimination is not only restricted to looks but also race, cast etc. You can find another excellent article on this topic here.

As a cautionary note we should keep in mind that if ones race, cast etc are correlated with their, let’s say, attitude towards work then it makes perfect sense for the recruiters to discriminate job applicants based on these factors. It means the recruiters are not discriminating because they are biased against any group but because they don’t have better tools to reduce the information asymmetry between themselves and the job applicant regarding his capabilities. In future I would like to see some research on how one can reduce this information asymmetry between the recruiters and job applicants.

Advertisements

Author: Bobbur Abhilash

I am a fourth year Doctoral student in the Finance and Control Department at IIM Calcutta.

2 thoughts on “Economics of job market”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s