Sheepskin Effects in Japan

Thomas Bauer (thomas.bauer@rwi-essen.de), Patrick J. Dross (pdross@diw.de) and John de New
Additional contact information
Patrick J. Dross: DIW Berlin

No 593, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: Using data for the 1990’s, 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 as a screening device unimportant 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)
Pages: 17 pages
Date: 2002-10
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Published - published in: International Journal of Manpower, 2005, 26 (4), 320-335

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