January 2017
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5 Reads
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4 Citations
SSRN Electronic Journal
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January 2017
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5 Reads
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4 Citations
SSRN Electronic Journal
... The fact that sheepskin effects persist after controlling for initial student ability measures lends plausibility to the idea that part of what is credentialed is learned in school. This argument is similar to Graetz (2017), who points out the distinction between the "information content" of a degree and the signaling content. Under this argument, sheepskin effects identify β 2 > σ 2 . ...
January 2017
SSRN Electronic Journal