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Being Knowledgeable of Sociable?: Differences in Relative Importance of Cognitive and Non-Cognitive Skills

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  • Changhui Kang

    (Department of Economics, Chung-Ang University)

  • Sam-Ho Lee

    (UWA Business School, The University of Western Australia)

Abstract

This 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.

Suggested Citation

  • Changhui Kang & Sam-Ho Lee, 2011. "Being Knowledgeable of Sociable?: Differences in Relative Importance of Cognitive and Non-Cognitive Skills," Economics Discussion / Working Papers 11-02, The University of Western Australia, Department of Economics.
  • Handle: RePEc:uwa:wpaper:11-02
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    File URL: http://www.business.uwa.edu.au/__data/assets/pdf_file/0009/1627146/11-2-Being-Knowledgeable-or-Sociable-Differences-in-Relative-Importance-of-Cognitive-and-Non-Cognitive-Skills.pdf
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