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In this paper we develop a simple model of the signaling value of the GED credential. The model illustrates necessary … of the signaling value of the GED for marginal passers. We apply the model to the national 1997 passing standard increase … demographic and GED test score information from the Texas Education Agency linked to pre- and post-test taking Unemployment …
Persistent link: https://www.econbiz.de/10013316881
We illustrate a novel informational feature of education, which the government may utilize. Discretionary decisions of individuals to acquire education may serve as an additional signal (to earned labor income) on the underlying unobserved innate earning ability, thereby mitigating the...
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