fmagine that somecne offered you a choice, You couldspend four years studying at the world 's best uni•versity, but you would have to keep your attendancethere a secret Or you could be awarded an official degree from the world's best university, but you couldn'.tactually attend. Which choice do you think wouldenhance your future earnings more? What does youranswer say about the debate over signaling versus human capital in the role of education?

Microeconomics: Principles & Policy
14th Edition
ISBN:9781337794992
Author:William J. Baumol, Alan S. Blinder, John L. Solow
Publisher:William J. Baumol, Alan S. Blinder, John L. Solow
Chapter19: Labor And Entrepreneurship: The Human Inputs
Section: Chapter Questions
Problem 14DQ
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fmagine that somecne offered you a choice, You could
spend four years studying at the world 's best uni•
versity, but you would have to keep your attendance
there a secret Or you could be awarded an official degree from the world's best university, but you couldn'.t
actually attend. Which choice do you think would
enhance your future earnings more? What does your
answer say about the debate over signaling versus human capital in the role of education?

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