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Theoretical models of human capital and signaling: a study for Mexico

Author

Listed:
  • Antonio Kido Cruz

    (Universidad Michoacana de San Nicolás de Hidalgo)

  • María Teresa Kido Cruz

    (Universidad del Papaloapan)

Abstract

The most common reference framework which assigns a prominent role to education for strengthening welfare and economic growth is represented by the human capital model. However, the theoretical approach of signaling implies that a process of greater support for education may have its limitations when it comes to generating impacts on macroeconomic growth. The aim of this study was to investigate if the empirical evidence available in Mexico on levels of schooling and returns to education responds to a human capital model or a model of signaling. A macroeconomic and a microeconomic model error correction were used. The results show that for the case of Mexico available information favors a model of human capital.

Suggested Citation

  • Antonio Kido Cruz & María Teresa Kido Cruz, 2015. "Theoretical models of human capital and signaling: a study for Mexico," Contaduría y Administración, Accounting and Management, vol. 60(4), pages 723-734, Octubre-D.
    • Handle: RePEc:nax:conyad:v:60:y:2015:i:4:p:723-734
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