TY - JOUR
T1 - Education and signaling : evidence from a highly competitive labor market
AU - HEYWOOD, John S.
AU - WEI, Xiangdong
PY - 2004/4/1
Y1 - 2004/4/1
N2 - This paper directly tests for differences in returns to education between the employed and self-employed in Hong Kong. Using a step-function, we find significantly smaller returns for the self-employed, suggesting that in the highly competitive labor market of Hong Kong education plays a signaling role. This pattern persists for both genders, when accounting for self-selection into employment status and when accounting for self-employed professionals who signal.
AB - This paper directly tests for differences in returns to education between the employed and self-employed in Hong Kong. Using a step-function, we find significantly smaller returns for the self-employed, suggesting that in the highly competitive labor market of Hong Kong education plays a signaling role. This pattern persists for both genders, when accounting for self-selection into employment status and when accounting for self-employed professionals who signal.
UR - http://commons.ln.edu.hk/sw_master/2533
UR - http://www.scopus.com/inward/record.url?scp=2442612956&partnerID=8YFLogxK
U2 - 10.1080/0964529042000193925
DO - 10.1080/0964529042000193925
M3 - Journal Article (refereed)
SN - 0964-5292
VL - 12
SP - 1
EP - 16
JO - Education Economics
JF - Education Economics
IS - 1
ER -