Replication data for: Beyond Signaling and Human Capital: Education and the Revelation of Ability

Principal Investigator(s): View help for Principal Investigator(s) Peter Arcidiacono; Patrick Bayer; Aurel Hizmo

Name	File Type	Size	Last Modified
2009-0106_data			01/06/2022 11:09:AM
LICENSE.txt	text/plain	14.6 KB	10/12/2019 11:19:AM

Project Citation:

Arcidiacono, Peter, Bayer, Patrick, and Hizmo, Aurel. Replication data for: Beyond Signaling and Human Capital: Education and the Revelation of Ability. Nashville, TN: American Economic Association [publisher], 2022. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E113770V1

Project Description

Summary: We provide evidence that college graduation plays a direct role in revealing ability to the labor market. Using the NLSY79, our results suggest that ability is observed nearly perfectly for college graduates, but is revealed to the labor market more gradually for high school graduates. Consequently, from the beginning of their careers, college graduates are paid in accordance with their own ability, while the wages of high school graduates are initially unrelated to their own ability. This view of ability revelation in the labor market has considerable power in explaining racial differences in wages, education, and returns to ability. (JEL D82, I21, I23, J24, J31)

Scope of Project

JEL Classification:
      D82 Asymmetric and Private Information; Mechanism Design
      I21 Analysis of Education
      I23 Higher Education; Research Institutions
      J24 Human Capital; Skills; Occupational Choice; Labor Productivity
      J31 Wage Level and Structure; Wage Differentials

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Published Versions

V1 [2019-10-12]

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DDI 2.5

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