by years of education. Log-wages are regressed on a measure of education, which is a position on a scale of certificates … nonlinear model of education choices and cannot reject the assumption that the data is generated by a job-market signalling …We propose a new test for the presence of job-market signalling in the sense of Spence (1973), based on an equation in …

It is clear that education has an important effect on wages paid in the labour market. It is not clear, however … whether education simply reflects the ability of the worker (through a signalling role). In this Paper we describe and …, whether this is due to the role that education plays in raising the productivity of workers (the human capital explanation) or …

to reduce its labour costs. If the level of wages is sufficiently low, the firm's rate of productivity growth approaches …

labor costs. Our analysis indicates that when wages and prices are flexible, product demand policies have no significant …

productivity relative to the aggregate economy leads to a rise in relative wages of 0.1-0.2%. As a corollary to this, outside …

, scale and shape of the conditional wage distribution. Human capital theory suggests that the percentage returns to training …

regional interpersonal income and educational inequality, also influence wages and education in different ways across welfare … microeconomic data for more than 100,000 European individuals, the results show that welfare regimes make a difference for wages and … education. First, people- and household-based effects (internal returns to education and household wage and education …

This Paper examines the education literature through the lens of sorting. It argues that how individuals sort across …. It discusses the implications of different education finance systems for sorting and analyses the efficiency and welfare …