Returns To Schooling: Skills Accumulation Or Information Revelation?
Abstract
This paper explores the degree to which imperfect information in the labour market regarding worker quality is likely to impact employment opportunities, as well as the wages associated with those opportunities. The primary purpose of this paper is to provide preliminary empirical evidence that market imperfections exist in South Africa's labour market, that those imperfections could be based on asymmetric private information, and that market participants pursue information gathering and revelation strategies to help mitigate the negative effects of the information asymmetries.Download Info
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Paper provided by University of Pretoria, Department of Economics in its series Working Papers with number 200812.Length: 39 pages
Date of creation: Jun 2008
Date of revision:
Handle: RePEc:pre:wpaper:200812
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Web page: http://web.up.ac.za/default.asp?ipkCategoryID=677
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Keywords: Information asymmetry; signalling; screening; returns education;Other versions of this item:
- Steve F Koch & Ssekabira Ntege, 2008. "Returns to Schooling: Skills Accumulation or Information Revelation?," Working Papers 87, Economic Research Southern Africa.
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
- J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-07-05 (All new papers)
- NEP-CTA-2008-07-05 (Contract Theory & Applications)
- NEP-EDU-2008-07-05 (Education)
- NEP-LAB-2008-07-05 (Labour Economics)
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