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- W2372859449 abstract "Disequilibrium of information in the labour market requires education to function as a screening signal. The signal function of education is expected to be much stronger in developing countries due to wider scope of information disequilibrium. However, the signal effect of education may become dysfunctional in developing countries when higher education become marketised while capital market is still underdeveloped, when educational credentials become inflated when it become a single base of judgment for employment and promotion. Such dysfunction of the education’s screening effect tend to lead to over-education and distortion in income distribution, and therefore compromise social efficiency." @default.
- W2372859449 created "2016-06-24" @default.
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- W2372859449 date "2006-01-01" @default.
- W2372859449 modified "2023-09-24" @default.
- W2372859449 title "The Signal Function and Dysfunction of Education in Developing Countries" @default.
- W2372859449 hasPublicationYear "2006" @default.
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