Education and Screening /
Wolpin, Kenneth.
Education and Screening / Kenneth Wolpin. - Cambridge, Mass. National Bureau of Economic Research 1975. - 1 online resource: illustrations (black and white); - NBER working paper series no. w0102 . - Working Paper Series (National Bureau of Economic Research) no. w0102. .
August 1975.
Section I introduces the material. In section II a model is developed which explores the impact of input-quality uncertainty on factor demand from which is derived a rationale for the use of devices which segment the population into classes differing in their "skill" distribution parameters. The model, however, ignores the motivation of individuals to acquire the characteristics upon which firms screen, in particular, the greater incentive for the more productive to purchase the screen. This aspect has been explored by Spence (1973) and Stiglitz (1973) and will not be explicitly considered here. In section III the social value of schooling's informational context is derived within the preceeding framework. Section IV describes some empirical attempts to isolate the productivity and identification effects. The last section summarizes the paper.
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Mode of access: World Wide Web.
Education and Screening / Kenneth Wolpin. - Cambridge, Mass. National Bureau of Economic Research 1975. - 1 online resource: illustrations (black and white); - NBER working paper series no. w0102 . - Working Paper Series (National Bureau of Economic Research) no. w0102. .
August 1975.
Section I introduces the material. In section II a model is developed which explores the impact of input-quality uncertainty on factor demand from which is derived a rationale for the use of devices which segment the population into classes differing in their "skill" distribution parameters. The model, however, ignores the motivation of individuals to acquire the characteristics upon which firms screen, in particular, the greater incentive for the more productive to purchase the screen. This aspect has been explored by Spence (1973) and Stiglitz (1973) and will not be explicitly considered here. In section III the social value of schooling's informational context is derived within the preceeding framework. Section IV describes some empirical attempts to isolate the productivity and identification effects. The last section summarizes the paper.
System requirements: Adobe [Acrobat] Reader required for PDF files.
Mode of access: World Wide Web.