Sheepskin Effects in Japan

Thomas Bauer, John P Haisken-DeNew and Patrick J Dross
Authors registered in the RePEc Author Service: John P. de New

No 3609, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: Using data for the 1990s, this Paper examines the role of sheepskin effects in the returns to education for Japan. Our estimations indicate that sheepskin effects explain about 50% of the total returns to schooling. We further find that sheepskin effects are only important for workers in small firms with the size of these effects being similar to comparable estimates for the US. These results could be explained by the particular recruitment system of large firms in Japan, which makes the university diploma unimportant as a screening device for large firms.

Keywords: Returns to education; Sheepskin effects; Japan (search for similar items in EconPapers)
JEL-codes: I21 J24 J31 (search for similar items in EconPapers)
Date: 2002-11
New Economics Papers: this item is included in nep-lab
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Related works:
Working Paper: Sheepskin Effects in Japan (2003)
Working Paper: Sheepskin Effects in Japan (2002)
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