Chevalier, Arnaud; Harmon, Colm; Walker, Ian; Zhu, Yu - 2003
It is clear that education has an important effect on wages paid in the labour market However it not clear whether this … is due to the role that education plays in raising the productivity of workers (the human capital explanation) or whether … education simply reflects the ability of the worker (through a signalling role). In this paper we describe and implement, using …