Education and Signaling: Evidence from a Highly Competitive Labor Market
AbstractThis paper directly tests for differences in returns to education between the employed and self-employed in Hong Kong. Using a step-function, we find significantly smaller returns for the self-employed, suggesting that in the highly competitive labor market of Hong Kong education plays a signaling role. This pattern persists for both genders, when accounting for self-selection into employment status and when accounting for self-employed professionals who signal.
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Bibliographic InfoArticle provided by Taylor and Francis Journals in its journal Education Economics.
Volume (Year): 12 (2004)
Issue (Month): 1 ()
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- Savanti, Maria Paula & Patrinos, Harry Anthony, 2005. "Rising returns to schooling in Argentina, 1992-2002 : productivity or credentialism?," Policy Research Working Paper Series 3714, The World Bank.
- Carolina Castagnetti & Silvia Dal Bianco & Luisa Rosti, 2011. "Shortening university career fades the signal away. Evidence from Italy," Quaderni di Dipartimento 146, University of Pavia, Department of Economics and Quantitative Methods.
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- repec:ebl:ecbull:v:9:y:2005:i:4:p:1-7 is not listed on IDEAS
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