Einkommensdifferenziale zwischen Bachelor- und Diplomabsolventen - Humankapital oder Signal?

Verena Dill () and Anke Hammen

No 2011-04, Research Papers in Economics from University of Trier, Department of Economics

Abstract: Descriptive statistics show that a wage differential between graduates of the newly introduced bachelor programme and those of the traditional so called diplom programme of 7200 EUR per anno exists (Briedis/Minks 2005b). How can we explain this gap? Economic theory offers two contrary theories: human capital and signalling. Both theories claim a positive correlation of education and earnings. However, the theo- ries differ concerning the causal effect of this relationship. In order to determine which theory better explains the observed wage gap, we use the so-called Bologna-Reform (the process of restructuring from diplom- to bachelor-graduates) as a quasi- experimental setting. Our study shows that signalling effects are dominant when ex- amining tertiary education in Germany.

Keywords: Signalling; human capital; German tertiary education; Bologna-Process (search for similar items in EconPapers)
JEL-codes: I21 J31 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:trr:wpaper:201104

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