Chapter 14. Education and Ability

  1. Joyce P. Jacobsen and
  2. Gilbert L. Skillman

Published Online: 14 JAN 2008

DOI: 10.1002/9780470755587.ch15

Labor Markets and Employment Relationships: A Comprehensive Approach

Labor Markets and Employment Relationships: A Comprehensive Approach

How to Cite

Jacobsen, J. P. and Skillman, G. L. (eds) (2008) Education and Ability, in Labor Markets and Employment Relationships: A Comprehensive Approach, Blackwell Publishing Ltd, Malden, MA, USA. doi: 10.1002/9780470755587.ch15

Publication History

  1. Published Online: 14 JAN 2008
  2. Published Print: 1 JAN 2004

ISBN Information

Print ISBN: 9780631208365

Online ISBN: 9780470755587

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Keywords:

  • education;
  • formal schooling;
  • wage levels;
  • human capital investment;
  • wage differentials

Summary

This chapter contains section titled:

  • FORMAL SCHOOLING AND WAGE LEVELS

  • FORMAL EDUCATION AS HUMAN CAPITAL INVESTMENT

  • A basic model of educational choice

  • Capital market failures and formal schooling choices

  • FORMAL EDUCATION AS A LABOR MARKET SIGNALING DEVICE

  • EVIDENCE ON THE SCHOOLING-INCOME NEXUS Distinguishing ability and schooling effects on labor income

  • Human capital vs. signaling effects of formal schooling

  • Returns to quality of schooling

  • Family background and formal schooling choices

  • Widening wage differentials by educational level

  • Bifurcated returns to human capital

  • CONCLUSION