| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3979 |
| DP3979 The Effect of Search Frictions on Wages | |
| Gerard Van den Berg; Aico van Vuuren | |
| 发表日期 | 2003-07-23 |
| 出版年 | 2003 |
| 语种 | 英语 |
| 摘要 | It is clear that education has an important effect on wages paid in the labour market. It is not clear, however, 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 a variety of UK datasets, a number of tests from the existing literature for discriminating between the two explanations. We find little support for signalling ideas in these tests. We have, however, severe reservations about these results because of our doubts about the power of these tests and the appropriateness of the data. We propose an alternative test, based on the response of some individuals to a change in education incentives offered to other individuals caused by the changes in the minimum school leaving age in the 1970s. Using this idea, we find that data in the UK appears to strongly support the human capital explanation. |
| 主题 | Labour Economics |
| 关键词 | Human capital Signalling Screening |
| URL | https://cepr.org/publications/dp3979 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/532958 |
| 推荐引用方式 GB/T 7714 | Gerard Van den Berg,Aico van Vuuren. DP3979 The Effect of Search Frictions on Wages. 2003. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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