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National Repository of Grey Literature 1 records found  Search took 0.01 seconds. 
Observing the Unobservable: Education and Signaling in Middle-Income Countries
 Kashkarov, Daniil ; Špecián, Petr (advisor) ; Chytilová, Helena (referee)
The thesis examines the role of education signaling in dealing with information asymmetry on labor markets of lower-middle-income countries. The original hypothesis states that signaling component of education has significant effect on hiring decisions and wages in this group of states. To test the hypothesis, the model of employer learning is launched on individual cross-section data for four lower-middle-income countries: Armenia, Bolivia, Ghana and Vietnam. The natural logarithms of hourly wages are regressed on years of education, experience, measures of employees' aptitude, education-experience and aptitude-experience interaction terms. Maximum of parents' education, self-reported cognitive skills score and job-related skills score are used as proxies for workers' ability. No reliable evidence of education signaling being applied on labor markets of the studied countries was found, although information asymmetry is present.
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