Sheepskin effects in the returns to education

Mary Silles

Applied Economics Letters, 2008, vol. 15, issue 3, pages 217-219

Abstract: This article, using a data set for the United Kingdom, re-examines the sheepskin hypothesis at the secondary school level using test scores and public examinations for men and women who left school at the minimum school leaving age. Net of learning outcomes, there are no additional returns to the possession of formal credential at the secondary school level. The finding refutes the sheepskin effect hypothesis.

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