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ARE SCHOOL-PROVIDED SKILLS USEFUL AT WORK? RESULTS OF THE WILES TEST
2017
Proceedings of the 7th Economics & Finance Conference, Tel Aviv
unpublished
We test for the signalling hypothesis versus human capital theory using the Wiles test (1974) in a country which has experienced a dramatic increase in the supply of skills. For this purpose, we construct a job match index based on the usefulness of the school-provided skills and the relevance of the job performed to the field of study. Then we regress the first earnings of graduates on this index using OLS and Heckit to control for omitted heterogeneity of the employed. The data we use come
doi:10.20472/efc.2017.007.011
fatcat:amoht4rt6veupkrvrbge2pbhsm