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Human Capital Theory vs. Screening Hypothesis: Evidence from the Greek Health Sector

Author

Listed:
  • Stefanos Chanis

    (University of Piraeus, Piraeus, Greece)

  • Constantinos Tsamadias

    (Harokopio Uninersity, Athens, Greece)

Abstract

This study tests whether the human capital theory is stronger than the screening hypothesis, using data from the Greek health sector. The paper estimates the rates of return of workers in the Greek health sector and tests the screening hypothesis. The evidence shows that the ‘weak’ version of the screening hypothesis is valid, but in general, the empirical results are consistent with the human capital theory.

Suggested Citation

  • Stefanos Chanis & Constantinos Tsamadias, 2022. "Human Capital Theory vs. Screening Hypothesis: Evidence from the Greek Health Sector," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 72(3-4), pages 78-90, July-Dece.
    • Handle: RePEc:spd:journl:v:72:y:2022:i:3-4:p:78-90
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Rate of Return; Human Capital; Screening Hypothesis; Greek Health Sector;
    All these keywords.

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • I26 - Health, Education, and Welfare - - Education - - - Returns to Education

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