Being Knowledgeable of Sociable?: Differences in Relative Importance of Cognitive and Non-Cognitive Skills

Changhui Kang () and Sam-Ho Lee
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Sam-Ho Lee: UWA Business School, The University of Western Australia

No 11-02, Economics Discussion / Working Papers from The University of Western Australia, Department of Economics

Abstract: This paper develops a model of college admissions that emphasizes their role as a human capital evaluation method. Given multiple dimensions of human capital, di¤erent pattens of human capital evaluation and develpment emerge as equilibria. These equilibria with a varying emphasis on di¤erent aspects of human capital can match an observed di¤erence in college admission patterns between East Asian countries and the U.S. The model has a macroeconomic implication about the relationship between measured human capital and economic performances. We demonstrate the support for this implication through cross-country regressions.

Pages: 36 pages
Date: 2011
New Economics Papers: this item is included in nep-sea
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