IISSSSCC DD IISSCCUUSSSSIIOONN PP AAPPEERR SS EERRIIEESS D OES E DUCATION R AISE P RODUCTIVITY OR J UST R EFLECT I T ? Dr. Arnaud
IISSSSCC DD IISSCCUUSSSSIIOONN PP AAPPEERR SS EERRIIEESS D OES E DUCATION R AISE P RODUCTIVITY OR J UST R EFLECT I T ? Dr. Arnaud
复制标题
IISSSSCC DD IISSCCUUSSSSIIOONN PP AAPPEERR SS EERRIIEESS 教育是提高生产力还是只是反映生产力?
DOI:
--
复制
发表时间:
--
期刊:
影响因子:
--
通讯作者:
Henning Füller
中科院分区:
文献类型:
--
作者:
Henning Füller
It is clear that education has an important effect on wages paid in the labour market However it not clear whether this is due to the role that education plays in raising the productivity of workers (the human capital explanation) or whether education simply reflects the ability of the worker (through a signalling role). In this paper we describe and implement, using a variety of UK datasets, a number of tests from the existing literature for discriminating between the two explanations. We find little support for signalling ideas in these tests. However, we have severe reservations about these results because our doubts about the power of these tests and the appropriateness of the data. We propose an alternative test, based on the response of some individuals to a change in education incentives offered to other individuals caused by the changes in the minimum school leaving age in the seventies. Using this idea we find that data in the UK appears to strongly support the human capital explanation. return dummy reduction in the returns to leaving at and for men and return for recent cohorts The return to age gets very large relative scarcity of well educated older individuals people in the most recent cohort. the econometric model). The results suggests some variance in the returns across individuals for unobservable reasons – but this variance, due perhaps to unobserved ability differences, does not appear to be any larger, and is arguably smaller, for more recent cohorts.