Education and Job Market Signalling: A Comment
نویسنده
چکیده
In this paper the Signalling approach to the explanation of wage di®erentials is analyzed both under a microeconomic and a macroeconomic viewpoint. Departuring from the classical Spence's model, the introduction of inequalities in accessing to education leads to redistributive e®ects among workers and ̄rms. Moreover the existence of factors related both to local and to parental externalities greately reduce the informative power of education about individual ability. J.E.L. Classi ̄cation: D30 D82 J31 C72
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