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The Role of Education in Selection and Allocation in the Labour Market: An Empirical Study in the Medical Field

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Author Info
Judith Semeijn
Rolf van der Velden
Hans Heijke
Cees van der Vleuten
Henny Boshuizen

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Abstract

In this study, we explore the role of education in explaining the labour market outcomes for a sample of graduates in medicine. More specifically, the following research question is answered: To what extent are labour market outcomes of physicians explained by the skills acquired in education, as indicated in the theory of human capital, or by competences already present at the start of education, as suggested by the screening theory? The study uses separate measurements of competence at the start and at the end of education. Moreover, we use a direct measurement of competence development during medical education. This enables us to disentangle the effects of the suggested mechanisms. The results suggest that after graduation human capital factors do not explain subsequent differences in labour market outcomes. The medical degree seems a sufficient signal of screening device as such. However, selection processes during education take place on human capital acquired before and during medical education.

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Publisher Info
Article provided by Taylor and Francis Journals in its journal Education Economics.

Volume (Year): 13 (2005)
Issue (Month): 4 (December)
Pages: 449-477
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Handle: RePEc:taf:edecon:v:13:y:2005:i:4:p:449-477

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Related research
Keywords: Human capital; productivity; labour market entry;

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Gerard J. van den Berg & Anders Holm & Jan C. van Ours, 1999. "Do Stepping Stone Jobs exist? Early Career Paths in the Medical Profession," Tinbergen Institute Discussion Papers 99-041/3, Tinbergen Institute. [Downloadable!]
    Other versions:
  2. Semeijn,J. & Velden,R.,Van der, 1999. "Aspects of learning style and labour market entry an explorative study," Research Memoranda 004, Maastricht : ROA, Research Centre for Education and the Labour Market. [Downloadable!]
  3. Cawley, John & Heckman, James & Vytlacil, Edward, 2001. "Three observations on wages and measured cognitive ability," Labour Economics, Elsevier, vol. 8(4), pages 419-442, September. [Downloadable!] (restricted)
  4. Weiss, Andrew, 1995. "Human Capital vs. Signalling Explanations of Wages," Journal of Economic Perspectives, American Economic Association, vol. 9(4), pages 133-54, Fall. [Downloadable!] (restricted)
  5. Manuchehr Irandoust & Niklas Karlsson, 2002. "Impact of Preferences, Curriculum, and Learning Strategies on Academic Success," Education Economics, Taylor and Francis Journals, vol. 10(1), pages 41-48, April. [Downloadable!] (restricted)
  6. Thornton, James, 2000. "Physician Choice of Medical Specialty: Do Economic Incentives Matter?," Applied Economics, Taylor and Francis Journals, vol. 32(11), pages 1419-28, September. [Downloadable!] (restricted)
  7. Quinn, Robert & Price, Jamie, 1998. "The demand for medical education: an augmented human capital approach," Economics of Education Review, Elsevier, vol. 17(3), pages 337-347, June. [Downloadable!] (restricted)
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(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Joseph J. Doyle, Jr. & Steven M. Ewer & Todd H. Wagner, 2008. "Returns to Physician Human Capital: Analyzing Patients Randomized to Physician Teams," NBER Working Papers 14174, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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