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We test for the signalling hypothesis versus human capital theory using the Wiles test (1974) in a country which has …
Persistent link: https://www.econbiz.de/10012942083
similar credentials) on wages. Using a simple model of asymmetric information, I show that RDD estimates the information value … of a diploma. A positive information value arises if employers, unable to observe the test score that determines diploma … information value regardless of whether workers' productivity is solely determined by acquisition of knowledge and skills through …
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There is an apparent inconsistency in the existing literature on graduate employment in the UK. While analyses of rates of return to graduates or graduate mark-ups show high returns, suggesting that demand has kept up with a rapidly rising supply of graduates, the literature on over-education...
Persistent link: https://www.econbiz.de/10010398727
We find that over the period 1950–1990, states in United States absorbed increases in the supply of schooling due to tighter compulsory schooling and child labor laws mostly through within-industry increases in the schooling intensity of production. Shifts in the industry composition towards...
Persistent link: https://www.econbiz.de/10010192317
Central exams have been discussed as an incentive to improve educational outcomes. In our paper we study the impact of central exams on labor market outcomes. We explain the quality choice of schools under central and non-central exams and model the resulting students' schooling decisions and...
Persistent link: https://www.econbiz.de/10012733013
In this paper we analyse educational choices and earnings of individuals at two different levels in the Portuguese educational system. At each potential exit level we consider two decisions: the decision to continue studying and the employment decision, whereas normally only the first decision...
Persistent link: https://www.econbiz.de/10011339687
In this paper we analyse educational choices and earnings of individuals at two different levels in the Portuguese educational system. At each potential exit level we consider two decisions: the decision to continue studying and the employment decision, whereas normally only the first decision...
Persistent link: https://www.econbiz.de/10013321059
Persistent link: https://www.econbiz.de/10011564391