Human capital and screening theories of the role of education in the labour market have similar predictions about individual behaviour and labour market outcomes. This makes it difficult to test between the theories. Nevertheless, the task of doing so is important since the social return to education is likely to be small unless education adds to productivity as human capital theory, but not screening theory, assumes. Education may only convey information about likely individual productivity under screening. It serves this function because individual productivity is difficult for employers to observe. In fact, there is very little evidence from existing tests of the theories that education does not add to productivity. However, few of the tests that have been undertaken between the theories are convincing. The three empirical chapters of this thesis contain tests of some aspects of the theories.
| Identifer | oai:union.ndltd.org:ADTP/189043 |
| Creators | Ryan, Christopher Anthony |
| Source Sets | Australiasian Digital Theses Program |
| Detected Language | English |
| Rights | Terms and Conditions: Copyright in works deposited in the University of Melbourne Eprints Repository (UMER) is retained by the copyright owner. The work may not be altered without permission from the copyright owner. Readers may only, download, print, and save electronic copies of whole works for their own personal non-commercial use. Any use that exceeds these limits requires permission from the copyright owner. Attribution is essential when quoting or paraphrasing from these works., Open Access |
Page generated in 0.0019 seconds