Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/21292
Authors: 
Bauer, Thomas K.
Dross, Patrick J.
Haisken-DeNew, John P.
Year of Publication: 
2002
Series/Report no.: 
IZA Discussion paper series 593
Abstract: 
Using data for the 1990?s, this paper examines the role of sheepskin effects in the returns to education for Japan. Our estimations indicate that sheepskin effects explain about 50% of the total returns to schooling. We further find that sheepskin effects are only important for workers in small firms with the size of these effects being similar to comparable estimates for the US. These results could be explained by the particular recruitment system of large firms in Japan, which makes the university diploma as a screening device unimportant for large firms.
Subjects: 
returns to education
sheepskin effects
Japan
JEL: 
J31
I21
J24
Document Type: 
Working Paper

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