Hornig, Stephan O.; Rottmann, Horst; Wapler, Rüdiger - University of Applied Sciences Amberg-Weiden (OTH) - 2011
In the literature there are basically two main approaches that explain the positive link between the level of education and wages: the human-capital theory and the signalling/screening (collectively known as sorting) theory. We highlight the similarity and differences between these theories and...