Martorell, Paco; Clark, Damon - Industrial Relations Section, Department of Economics - 2010
education from two states that use high school exit exams (Florida and Texas), we estimate that a diploma has little effect on …, credentials earned) might serve as signals of a worker’s productivity, the practical importance of education-based signaling is … not clear. In this paper we estimate the signaling value of a high school diploma, the most commonly held credential in …