Review: “Human Capital vs. Signaling is Empirically Unresolvable” by Nick Huntington-Klein (CSU Fullerton, August 2018)

Public Access Peer Reviews for the Social Sciences

Read the working paper here.

Contact Nick Huntington-Klein here.

Is education a process by which individuals acquire useful skills, or one whereby individuals who already possess skills set themselves apart from others? In theory, the distinction between these two visions of the education process carry radically different implications for whether education is an enterprise worthy of public subsidy. While it’s hard to argue that either theory is completely false, much ink has been spilt in the tussle over whether one or the other predominates. Prior estimates of the proportion of returns to education attributable to signaling range from 10% to 80%.

In practice, argues Nick Huntington-Klein, these models are so difficult to disentangle from one another that there’s no point trying.

Huntington-Klein’s persuasive if somewhat depressing argument begins with a basic mediating variables framework: if there is a causal link between education and individual outcomes, signaling and human…

View original post 672 more words

This entry was posted in applied price theory by Jim Rose. Bookmark the permalink.

About Jim Rose

Utopia - you are standing in it promotes a classical liberal view of the world and champion the mass flourishing of humanity through capitalism and the rule of law. The origin of the blog is explained in the first blog post at

Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.