Education and the Signalling Hypothesis Evidence from a Highly Competitive Labor Market

Xiangdong WEI, John HEYWOOD

Research output: Other Conference ContributionsConference Paper (other)Research

Abstract

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 an important signaling role. Support for this role is strengthened by accounting for self-employed professionals who signal and accounting self-selection into employment status.
Original languageEnglish
Publication statusPublished - 16 Dec 2000
EventThe 1st Biennial Conference of the Hong Kong Economic Association: The Asian Pacific Economies in the New Millenium - City University of Hong Kong, Hong Kong, Hong Kong
Duration: 14 Dec 200016 Dec 2000
http://www.hkea.org.hk/index.php/events/biennial-conference/9-events/19-1st-conf

Conference

ConferenceThe 1st Biennial Conference of the Hong Kong Economic Association
CountryHong Kong
CityHong Kong
Period14/12/0016/12/00
OtherThe Hong Kong Economic Association
Internet address

Fingerprint

Labour market
Signaling hypothesis
Education
Hong Kong
Self-selection
Employment status
Returns to education

Cite this

WEI, X., & HEYWOOD, J. (2000). Education and the Signalling Hypothesis Evidence from a Highly Competitive Labor Market. Paper presented at The 1st Biennial Conference of the Hong Kong Economic Association, Hong Kong, Hong Kong.
WEI, Xiangdong ; HEYWOOD, John. / Education and the Signalling Hypothesis Evidence from a Highly Competitive Labor Market. Paper presented at The 1st Biennial Conference of the Hong Kong Economic Association, Hong Kong, Hong Kong.
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WEI, X & HEYWOOD, J 2000, 'Education and the Signalling Hypothesis Evidence from a Highly Competitive Labor Market' Paper presented at The 1st Biennial Conference of the Hong Kong Economic Association, Hong Kong, Hong Kong, 14/12/00 - 16/12/00, .

Education and the Signalling Hypothesis Evidence from a Highly Competitive Labor Market. / WEI, Xiangdong; HEYWOOD, John.

2000. Paper presented at The 1st Biennial Conference of the Hong Kong Economic Association, Hong Kong, Hong Kong.

Research output: Other Conference ContributionsConference Paper (other)Research

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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 an important signaling role. Support for this role is strengthened by accounting for self-employed professionals who signal and accounting self-selection into employment status.

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 an important signaling role. Support for this role is strengthened by accounting for self-employed professionals who signal and accounting self-selection into employment status.

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WEI X, HEYWOOD J. Education and the Signalling Hypothesis Evidence from a Highly Competitive Labor Market. 2000. Paper presented at The 1st Biennial Conference of the Hong Kong Economic Association, Hong Kong, Hong Kong.