1 answer

Policy-Related Questions What do the human capital and signalling explanations, identified in the theoretically-oriented questions, imply...

Question:

Policy-Related Questions

  1. What do the human capital and signalling explanations, identified in the theoretically-oriented questions, imply for government policy towards higher education?

  1. How do you think that such explanations might have influenced recent changes in the financing of higher education in the UK?

Answers

One of the oldest debates in the texts on the economics of education is between the pertinence of human capital & signalling concepts of education. Whilst the human capital concept asserts that education increases pay thru raising productivity, the signalling concept asserts that education increases pay just because levels of education is a signal of the workers capability ( not observed by the employer).

I think both concepts have their place & it does not have to essentially be either–or. Definitely, at lower levels of schooling, education improves human capital. Literacy, writing, math, problem-solving, critical thinking are some of the fundamental skills, one attains at school level. Additionally, personality & character building are essential facets of school-life which has to be taken into account.

But, at post -secondary educational levels, productivity of the education gets a decline.

Even then, not all post higher secondary education is identical. Some degrees are essential in giving specific training to have greater productivity. For professions like scientists, teaching, and medicine, a degree is quite vital. A big portion of this specialized education depends upon practice based studies. To state its just a signal would weaken the significance of such a degree, that passes on very specific competencies.

However, for other degrees, specially commerce/ social sciences associated domains, the pertinence of signalling appears to override human capital in the job market.

Signalling impact & human capital impact co-exist in the labor market.

Nations with high rates of university education usually have been observed to have greater levels of innovation & productivity growth. Thus, there’s a justification for the governmental subsidization of higher education

I suggest that government should instead reduce the prices of higher education, to render it more accessible to a much bigger populace. More populace earning higher degrees will push the firms to engage in assessing the human capital / competencies possessed by a person, than just depending on signalling impact of higher education. The government should also provide many vocational training programs  ( equivalent to a degree), to make sure that an average person is equipped with needed vocational/ professional competencies relating to a particular field of work.

.

Similar Solved Questions

1 answer
We were unable to transcribe this imageTotal Cost Cost per Unit Type of Product Commercial Home...
We were unable to transcribe this imageTotal Cost Cost per Unit Type of Product Commercial Home Miniature Combined total Commercial Home $ Miniature Combined total $...
1 answer
Suppose the government chooses to provide a public good at a zero price, and the increased...
Suppose the government chooses to provide a public good at a zero price, and the increased consumption makes it so that one person’s use begins to interfere with others’ use. Think of a crowded road or a crowded park. What should the government do now to keep this market efficient? A) St...
1 answer
2) Two Student objects are consTuereu vqua quizzes. Write the code for the class method boolean...
2) Two Student objects are consTuereu vqua quizzes. Write the code for the class method boolean equals(Student other). 3) Write the code for a main( method that models the following: A teacher has two students, Mary and Alice. Mary takes Quiz I and earns an 85. Alice takes Quiz 1 and gets a 77. Mary...
1 answer
Please use reference for rationale if possible. If internet searched, please add hyperlink CBC REPORT Hemoglobin...
please use reference for rationale if possible. If internet searched, please add hyperlink CBC REPORT Hemoglobin 10.5 g/dL Hematocrit 37% White blood cell count (WBC) 24,000/mm3 Platelet count 120,000/mm3 Which result causes you the most concern? Add the rationale for your selection....
1 answer
5. Many long-term care policies provide benefits for occasional full-time care so that family members who...
5. Many long-term care policies provide benefits for occasional full-time care so that family members who are providing home care can take a needed break. Such a benefit is referred to as A. respite care B. care coordination C. adult day care D. intermediate care 8. Both Mary and her friend have per...
1 answer
Kids are more at risk to develop? A) Neuroblastoma B) Wilms Tumor C) Leukemia D) Astrocytoma...
kids are more at risk to develop? A) Neuroblastoma B) Wilms Tumor C) Leukemia D) Astrocytoma cars fa - this 5. Which injection babies need to get as soon as they are born in order to avoid hemorrhagic disease of newborn? A) Penicillin B) Hepatitis B C) Vitamin K D) Heparin th to a wing for his 5 hea...
1 answer
Pittman Company is a small but growing manufacturer of telecommunications equipment. The company has no sales...
Pittman Company is a small but growing manufacturer of telecommunications equipment. The company has no sales force of its own; rather, it relies completely on independent sales agents to market its products. These agents are paid a sales commission of 15% for all items sold. Barbara Cheney, Pittman...
1 answer
Please let me know if the answers I have are correct and help me with the...
Please let me know if the answers I have are correct and help me with the activity at the bottom of the page. Many thanks ! A factory makes combinations of ice chests and bicydle helmets by the numbers below. coolers 0 21 36 45 48 helmets 12 1)Going from A to 8 means 21 more coolers and 3 less he...
1 answer
What types of information can be found on this patient's detail screen? Select all that apply....
What types of information can be found on this patient's detail screen? Select all that apply. Demographic information Facility Patient’s socioeconomic status Administrative information Patient Type Patient’s vital statistics (height, weight, temp, etc.) Visit characteristics Financi...
1 answer
15. - points LARPCALC10 7.2.503.XP. Os Submissions Used My NO The numbers of prescriptions P (in...
15. - points LARPCALC10 7.2.503.XP. Os Submissions Used My NO The numbers of prescriptions P (in thousands) filled at two pharmacies from 2006 through 2010 are shown in the table. Let t represent the year, with corresponding to 2006. Phamacy Pharmacy (a) Use a graphing utility to create a scatter pl...
1 answer
Answers a. 156.8 m/s b. 32.5 J/kg K c. 0.763 4.15. Carbon dioxide flows in a...
Answers a. 156.8 m/s b. 32.5 J/kg K c. 0.763 4.15. Carbon dioxide flows in a horizontal adiabatic, no-work system. Pressure and temper- ature at section 1 are 7 atm and 600 K. At a downstream section, p2 = 4 atm., T2 = 550 K, and the Mach number is M2 = 0.90. (a) Compute the velocity at the upstrea...
1 answer
Band filter frontend Filter LNA NEOL QB 88-108MHZ -108MHO LNA 1db=Mf зав Les AH 6- A...
Band filter frontend Filter LNA NEOL QB 88-108MHZ -108MHO LNA 1db=Mf зав Les AH 6- A 16 dB which configuration is better fer frontend if there is high interferance I (a) is better discus ? b) (b) is better to preduce the best Performance discus Scanned with CamScanner...
1 answer
Assume that the mitochondria are cylindrical with 1.5 µm long and 0.6 µm of diameter, a) What is the volume of a single...
Assume that the mitochondria are cylindrical with 1.5 µm long and 0.6 µm of diameter, a) What is the volume of a single mitochondria? b) Oxaloacetate is an intermediate in the Krebs cycle which is carried out in the mitochondria. If your concentration in the mitochondria in a moment dete...
1 answer
Business Finance Question - help with calculating answer
Stock Values The next dividend payment by ECY, Inc., will be $2.85 per share. The dividends are anticipated to maintain a 6 percent growth rate, forever. If ECY stockcurrently sells for $58 per share, what is the required return?...
1 answer
What stage of catabolism yields little ATP? I believe the answer is 2, please verify &...
What stage of catabolism yields little ATP? I believe the answer is 2, please verify & explain. Thankyou...
1 answer
QUESTIG What work does weight do when: A=0 Aco B. A. A basketball ball rolling on...
QUESTIG What work does weight do when: A=0 Aco B. A. A basketball ball rolling on a horizontal surface A basketball ball flies vertically up A basketball ball falls vertically down A basketball ball is thrown at angle to the horizon (moves on parabolic trajectory) A>0 D.Sign of work is changed du...