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...

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Bibliographic details
Main Author: Koutmeridis, Theodore
Format: Paper
Language: English
Place of publication: 2018
Data of publication: 2018
Bibliography: http://eprints.gla.ac.uk/157377/
Online Access: available in Bonn?
Database: University of Glasgow IR Enlighten
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