# Prof. Michael Spence's theory of signaling is featured

1 Faculty News April 27, 2015 ![Bloomberg View logo](/sites/default/files/styles/246w/public/assets/images/bloombergview_0.jpg?itok=47DlvcFA)>

Excerpt from [Bloomberg View](http://www.bloombergview.com/articles/2015-04-27/economists-need-to-give-up-on-overused-signaling-fad) -- "[Spence](http://w4.stern.nyu.edu/faculty/bio/a-michael-spence) realized that there is a lot of information asymmetry in the job market. Employers want employees who are smart, conscientious, hard-working and team-oriented. But they can’t tell most of those things from an interview or two. So prospective employees might prove themselves by getting some credential -- completing some difficult educational program -- to prove they have what it takes. Thus was born the signaling theory of education."

[Read more](http://www.bloombergview.com/articles/2015-04-27/economists-need-to-give-up-on-overused-signaling-fad)