Education and signaling : evidence from a highly competitive labor market
Document Type
Journal article
Source Publication
Education Economics
Publication Date
4-1-2004
Volume
12
Issue
1
First Page
1
Last Page
16
Abstract
This paper directly tests for differences in returns to education between the employed and self-employed in Hong Kong. Using a step-function, we find significantly smaller returns for the self-employed, suggesting that in the highly competitive labor market of Hong Kong education plays a signaling role. This pattern persists for both genders, when accounting for self-selection into employment status and when accounting for self-employed professionals who signal.
DOI
10.1080/0964529042000193925
Print ISSN
09645292
E-ISSN
14695782
Publisher Statement
Copyright © 2004 Taylor & Francis
Access to external full text or publisher's version may require subscription.
Full-text Version
Publisher’s Version
Language
English
Recommended Citation
Heywood, J. S., & Wei, X. (2004). Education and signaling: Evidence from a highly competitive labor market. Education Economics, 12(1), 1-16. doi: 10.1080/0964529042000193925