/hich of the following regarding "education as a signaling device" is correct? Higher educated workers have higher productivity. The role of education in this model is only used as a filter, which has no effect on worker's productivity. Higher educated workers may have higher marginal costs to obtain education. Lower educated workers may have lower marginal costs to obtain education.

Micro Economics For Today
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ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
ChapterP3: Market Structure
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Which of the following regarding "education as a signaling device" is correct?
Higher educated workers have higher productivity.
The role of education in this model is only used as a filter, which has no effect on
worker's productivity.
Higher educated workers may have higher marginal costs to obtain education.
Lower educated workers may have lower marginal costs to obtain education.
Transcribed Image Text:Which of the following regarding "education as a signaling device" is correct? Higher educated workers have higher productivity. The role of education in this model is only used as a filter, which has no effect on worker's productivity. Higher educated workers may have higher marginal costs to obtain education. Lower educated workers may have lower marginal costs to obtain education.
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