Bayer, Patrick; Arcidiacono, Peter; Hizmo, Aurel - National Bureau of Economic Research (NBER) - 2008
In traditional signaling models, education provides a way for individuals to sort themselves by ability. Employers in … turn use education to statistically discriminate, paying wages that reflect the average productivity of workers with the … same given level of education. In this paper, we provide evidence that education (specifically, attending college) plays a …