The role of education in selection and allocation on the labour market; An empirical study in the medical field
AbstractIn this study, we explore the role of education in explaining the labour market outcomes for graduates in medicine. More specifically, we focus on the question: To what extent are labour market outcomes of physicians explained by the skills acquired in education, as argued in the theory of Human Capital, by competences already present at the start of education, as suggested by the Screening theory literature, or by having attained the medical degree as such, as suggested by the literature on Credentialism? The study uses separate measurements of competence at the start and at the end of academic education. These are grade point averages (GPA’s) of secondary school, available at the start of the first year of study, versus the final (medical) Skills test at the end of the study. Moreover, we use a direct measurement of competence development during medical education in the form of Progress Test results; the first Progress Test result in the first year, versus the final Progress Test result in the fourth year of study. This enables us to disentangle the effects of the three suggested mechanisms. The results suggest that after graduation the human capital factors available do not explain subsequent differences in labour market outcomes. The data therefore suggest evidence for Credentialism. However, selection processes during education and in the response to the labour market survey, take place on human capital acquired before and during education.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Maastricht : ROA, Research Centre for Education and the Labour Market in its series Research Memoranda with number 002.
Date of creation: 2004
Date of revision:
Contact details of provider:
Web page: http://www.maastrichtuniversity.nl/web/UMPublications.htm
labour market entry and occupational careers;
Other versions of this item:
- Judith Semeijn & Rolf van der Velden & Hans Heijke & Cees van der Vleuten & Henny Boshuizen, 2005. "The Role of Education in Selection and Allocation in the Labour Market: An Empirical Study in the Medical Field," Education Economics, Taylor and Francis Journals, vol. 13(4), pages 449-477.
- Semeijn, Judith & Velden, Rolf van der & Heijke, Hans & Vleuten, Cees van der & Boshuizen, Henny, 2005. "The role of education in selection and allocation in the labour market: an empirical study in the medical field," Open Access publications from Maastricht University urn:nbn:nl:ui:27-13469, Maastricht University.
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.:
- James Thornton, 2000. "Physician choice of medical specialty: do economic incentives matter?," Applied Economics, Taylor and Francis Journals, vol. 32(11), pages 1419-1428.
- Andrew Weiss, 1995. "Human Capital vs. Signalling Explanations of Wages," Journal of Economic Perspectives, American Economic Association, vol. 9(4), pages 133-154, Fall.
- 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.
- Semeijn, Judith H. & Velden, Rolf van der, 2002.
"Aspects of learning style and labour market entry: an explorative study,"
Open Access publications from Maastricht University
urn:nbn:nl:ui:27-18341, Maastricht University.
- 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.
- 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.
- 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.
- 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.
- Gerard J. van den Berg & Anders Holm & Jan C. van Ours, 2002. "Do stepping-stone jobs exist? Early career paths in the medical profession," Journal of Population Economics, Springer, vol. 15(4), pages 647-665.
- Borghans, L. & Ramaekers, G.W.M., 1994. "De doorstroom van limburgse basisartsen naar medische beroepsopleidingen," Open Access publications from Maastricht University urn:nbn:nl:ui:27-13239, Maastricht University.
- Doyle Jr., Joseph J. & Ewer, Steven M. & Wagner, Todd H., 2010. "Returns to physician human capital: Evidence from patients randomized to physician teams," Journal of Health Economics, Elsevier, vol. 29(6), pages 866-882, December.
- 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.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Charles Bollen).
If references are entirely missing, you can add them using this form.