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Does Education Raise Productivity, or just Reflect It?

Zhu, Yu, Chevalier, Arnaud, Harmon, Colm, Walker, Ian (2004) Does Education Raise Productivity, or just Reflect It? The Economic Journal, 114 . F499-517. ISSN 0013-0133. (doi:10.1111/j.1468-0297.2004.00256.x) (The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided) (KAR id:557)

The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided. (Contact us about this Publication)
Official URL
http://dx.doi.org/10.1111/j.1468-0297.2004.00256.x

Abstract

Education has an important effect on wages but it not clear whether this is because education raises productivity or because education is simply a signal of ability. We implement a number of existing tests for discriminating between these two explanations and find that they do not support the signalling hypothesis. However, we have severe reservations about these results and we propose an alternative test based on changes in education incentives caused by changes in the minimum school leaving age in the 1970s. Using this idea we find that UK data appear to strongly support the human capital explanation.

Item Type: Article
DOI/Identification number: 10.1111/j.1468-0297.2004.00256.x
Subjects: H Social Sciences
Divisions: Faculties > Social Sciences > School of Economics
Depositing User: C. Hudson
Date Deposited: 19 Dec 2007 18:20 UTC
Last Modified: 12 Jun 2019 14:13 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/557 (The current URI for this page, for reference purposes)
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