Einkommensdifferenziale zwischen Bachelor- und Diplomabsolventen - Humankapital oder Signal?
Descriptive statistics show that a wage differential between graduates of the newly introduced bachelor programme and those of the traditional so called diplom programme of 7200 EUR per anno exists (Briedis/Minks 2005b). How can we explain this gap? Economic theory offers two contrary theories: human capital and signalling. Both theories claim a positive correlation of education and earnings. However, the theo- ries differ concerning the causal effect of this relationship. In order to determine which theory better explains the observed wage gap, we use the so-called Bologna-Reform (the process of restructuring from diplom- to bachelor-graduates) as a quasi- experimental setting. Our study shows that signalling effects are dominant when ex- amining tertiary education in Germany.
|Date of creation:||2011|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: +49 (0) 651 201-2739
Fax: +49 (0) 651 201-3934
Web page: http://www.uni-trier.de/index.php?id=2118
More information through EDIRC
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.:
- Joseph E. Stiglitz, 1973.
"The Theory of 'Screening', Education, and the Distribution of Income,"
Cowles Foundation Discussion Papers
354, Cowles Foundation for Research in Economics, Yale University.
- Stiglitz, Joseph E, 1975. "The Theory of "Screening," Education, and the Distribution of Income," American Economic Review, American Economic Association, vol. 65(3), pages 283-300, June.
- Chevalier, Arnaud & Harmon, Colm & Walker, Ian & Zhu, Yu, 2003.
"Does Education Raise Productivity or Just Reflect It?,"
CEPR Discussion Papers
3993, C.E.P.R. Discussion Papers.
- Arnaud Chevalier & Colm Harmon & Ian Walker & Yu Zhu, 2004. "Does Education Raise Productivity, or Just Reflect it?," Economic Journal, Royal Economic Society, vol. 114(499), pages F499-F517, November.
- Arnaud Chevalier & Colm Harmon & Ian Walker & Yu Zhu, 2003. "Does education raise productivity, or just reflect it?," Working Papers 200304, School of Economics, University College Dublin.
- Wolpin, Kenneth I, 1977. "Education and Screening," American Economic Review, American Economic Association, vol. 67(5), pages 949-58, December.
- Juerg Schweri, 2004. "Does it pay to be a good student? Results from the Swiss graduate labour market," Diskussionsschriften dp0405, Universitaet Bern, Departement Volkswirtschaft.
- Ulla Hämäläinen & Roope Uusitalo, 2008. "Signalling or Human Capital: Evidence from the Finnish Polytechnic School Reform," Scandinavian Journal of Economics, Wiley Blackwell, vol. 110(4), pages 755-775, December.
- Riley, John G, 1979. "Testing the Educational Screening Hypothesis," Journal of Political Economy, University of Chicago Press, vol. 87(5), pages S227-52, October.
- Garibaldi, Pietro, 2006. "Personnel Economics in Imperfect Labour Markets," OUP Catalogue, Oxford University Press, number 9780199280674.
When requesting a correction, please mention this item's handle: RePEc:trr:wpaper:201104. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Matthias Neuenkirch)
If references are entirely missing, you can add them using this form.