TY - SER AU - Heller, Sara B. AU - Kessler, Judd B. TI - Information Frictions and Skill Signaling in the Youth Labor Market SN - 1945-7731 PB - American Economic Journal: Economic Policy KW - Child Care KW - Labor Productivity KW - Mechanism Design KW - Public Pensions KW - Wage Differentials KW - Human Capital N2 - This paper provides evidence that information frictions limit the labor market trajectories of US youth. We provide credible skill signals-recommendation letters based on supervisor feedback-to a random subset of 43,409 participants in New York's summer jobs program. Letters increase employment the following year by 3 percentage points (4.5 percent). Earnings effects grow over four years to a cumulative UR - https://www.aeaweb.org/articles?id=10.1257/pol.20220544 ER -