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.
|Publication status||Published - 16 Dec 2000|
|Event||The 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 2000 → 16 Dec 2000
|Conference||The 1st Biennial Conference of the Hong Kong Economic Association|
|Period||14/12/00 → 16/12/00|
|Other||The Hong Kong Economic Association|
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.