Being Knowledgeable of Sociable?: Differences in Relative Importance of Cognitive and Non-Cognitive Skills
AbstractThis paper develops a model of college admissions that emphasizes their role as a human capital evaluation method. Given multiple dimensions of human capital, di¤erent pattens of human capital evaluation and develpment emerge as equilibria. These equilibria with a varying emphasis on di¤erent aspects of human capital can match an observed di¤erence in college admission patterns between East Asian countries and the U.S. The model has a macroeconomic implication about the relationship between measured human capital and economic performances. We demonstrate the support for this implication through cross-country regressions.
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Bibliographic InfoPaper provided by The University of Western Australia, Department of Economics in its series Economics Discussion / Working Papers with number 11-02.
Length: 36 pages
Date of creation: 2011
Date of revision:
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