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different kinds of firms. We propose a simple model of wage-setting in which productivity is only partially observable in some … firms and fully observable in others. In this setting, education serves both to enhance productivity and as a productivity … signal. Consistent with the theory, positions where productivity is likely to be less observable offer larger sheepskin …
Persistent link: https://www.econbiz.de/10014465258
We extract estimation results on the Mincer earnings function from four earlier studies and add new results from a recent dataset. We analyse differences related to differences in earnings concepts, in sampling frame and differences among studies that cannot be explained. Jointly, the studies...
Persistent link: https://www.econbiz.de/10011416388
This paper re-examines the wage returns to the 1972 Raising of the School Leaving Age (RoSLA) in England and Wales using a high-quality administrative panel dataset covering the relevant cohorts for almost 40 years of their labour market careers. With best practice regression discontinuity...
Persistent link: https://www.econbiz.de/10011428026
This paper studies the impact of exam luck on individuals’ education and labor market success. We leverage unique features of the Norwegian education system that produce random variation in the content of the exams taken by students at the end of high school. Lucky students take exams in...
Persistent link: https://www.econbiz.de/10012817815
We document and analyse the wage gap between vocational and general secondary education in Portugal between 1994 and 2013. As Portuguese workers have been educated in different school systems, we have to distinguish birth cohorts. Analysing the wage gaps within cohorts, we find no support for...
Persistent link: https://www.econbiz.de/10012422570
Education is a crucial determinant of labour market success. We investigate whether education is an appropriate means to cushion the negative consequences of job loss and study the role of age as a second major labour market factor. Using German Socio-Economic Panel (SOEP) data for the years...
Persistent link: https://www.econbiz.de/10012111071
A commonly held perception is that an elite graduate degree can "scrub" a less prestigious but less costly undergraduate degree. Using data from the National Survey of College Graduates from 2003 through 2017, this paper examines the relationship between the status of undergraduate degrees and...
Persistent link: https://www.econbiz.de/10012116308
Comparing cohorts born between 1951 and 1994, we document and interpret changes in the wage differential among graduates from secondary education with a vocational and a general curriculum.. The wage gap initially increased and then decreased. We find that these changes cannot be attributed to...
Persistent link: https://www.econbiz.de/10011859509
Indicators for quality of schooling are not only relatively new in the world but also unavailable for a sizable share of the world's population. In their absence, some proxy measures have been devised. One simple but powerful idea has been to use the schooling premium for migrant workers in the...
Persistent link: https://www.econbiz.de/10011732083
We bring together the strands of literature on the returns to education, its spillovers, and the role of the employer shaping the wage distribution. The aim is to analyze the labor market returns to education taking into account who the worker is (worker unobserved ability), what he does (the...
Persistent link: https://www.econbiz.de/10011819808