Homework Clinic
Social Science Clinic => Economics => Microeconomics => Topic started by: 2125004343 on Jul 21, 2019
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Why do college graduates earn higher wages than non-graduates?
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There are at least two explanations. First is the "learning effect" of college attendance: people who go to college earn more because they acquired valuable skills in college. In addition, the "signaling effect" suggests that individuals can indicate their high ability levels by going to college, a costly signal for low-ability people.
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Excellent
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Great! Please up vote :D