EARNINGS EFFECTS OF DIFFERENT COMPONENTS OF SCHOOLING - HUMAN-CAPITALVERSUS SCREENING

Authors
GROOT W OOSTERBEEK H
Citation
W. Groot et H. Oosterbeek, EARNINGS EFFECTS OF DIFFERENT COMPONENTS OF SCHOOLING - HUMAN-CAPITALVERSUS SCREENING, Review of economics and statistics, 76(2), 1994, pp. 317-321
Citations number
4
Categorie Soggetti
Social Sciences, Mathematical Methods",Economics
Journal title
Review of economics and statistics → ACNP
ISSN journal
00346535
Volume
76
Issue
2
Year of publication
1994
Pages
317 - 321
Database
ISI
SICI code
0034-6535(1994)76:2<317:EEODCO>2.0.ZU;2-F
Abstract
In this paper we divide actual years of schooling into effective years , repeated years, skipped years, inefficient routing years and dropout years. Estimation of earnings functions reveals that this typology is statistically superior to the usual concepts of either actual or effe ctive years of schooling. Based on our distinction we formulate tests which discriminate between the human capital theory and the screening hypothesis. The results give strong support to the human capital theor y and refute the screening hypothesis.