Misallocation, Education Expansion and Wage Inequality
This study offers a unified explanation for the perplexing fact that the education premium rises more for low-experienced workers, while the experience premium increases mainly for low-educated labor. The interaction of signaling, employer learning and credit constraints resolves this puzzle. When h...
|Main Author:||Koutmeridis, Theodore|
|Place of publication:||
|Data of publication:||2018|
|Online Access:||available in Bonn?|
|Database:||University of Glasgow IR Enlighten
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