The Stability Pattern of Sheepskin Effects and Its Implications for the Human Capital Theory--Screening Hypothesis Debate
Edward Gullason ()
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Edward Gullason: Division of Social Sciences, Dowling College
Eastern Economic Journal, 1999, vol. 25, issue 2, 141-149
Abstract:
Typically, the empirical presence of sheepskin effects in the returns to schooling has been used as evidence supporting the screening hypothesis. In this study, sheepskin effects are found to exist, but are not stable across individuals according to whether or not they found their accumulated schooling relevant for their occupations. Rate of return estimates on years of schooling between these two groups of individuals are not stable either. This study demonstrates for the first time that an empirical analysis of sheepskin effects provides evidence supporting the human capital theory in addition to the screening hypothesis.
Keywords: Human Capital; Occupation; Rate of Return; Schooling; Screening (search for similar items in EconPapers)
JEL-codes: J24 (search for similar items in EconPapers)
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:eej:eeconj:v:25:y:1999:i:2:p:141-149
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