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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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    References listed on IDEAS

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    1. Richard G. Harris & Peter E. Robertson & Jessica Y. Xu, 2011. "The International Effects of China’s Growth, Trade and Education Booms," The World Economy, Wiley Blackwell, vol. 34(10), pages 1703-1725, October.
    2. Kevin H. O'Rourke, 2002. "Europe and the causes of globalization, 1790 to 2000," CEG Working Papers 20021, Trinity College Dublin, Department of Economics.
    3. Barry Eichengreen & Yeongseop Rhee & Hui Tong, 2007. "China and the Exports of Other Asian Countries," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 143(2), pages 201-226, July.
    4. Robert Koopman & Zhi Wang & Shang-Jin Wei, 2008. "How Much of Chinese Exports is Really Made In China? Assessing Domestic Value-Added When Processing Trade is Pervasive," NBER Working Papers 14109, National Bureau of Economic Research, Inc.
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