Economist Michael Spence Uses a Concept Called the "Signaling Hypothesis

question 212

Essay

Economist Michael Spence uses a concept called the "signaling hypothesis" to argue that college graduates don't earn high incomes because the skills they learned while in college serve to increase their productivity. Explain the signaling hypothesis. Is there evidence that the signaling hypothesis is not valid?

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Definitions:

Collective Violence

Acts of violence committed by groups of individuals, often driven by a common purpose or ideology.

Major Crimes

Serious criminal offenses that typically involve violence or significant harm to individuals or property, such as murder, rape, or burglary.

Political Citizenship

The status of being a citizen, including rights, privileges, and duties associated with participating in the political process of a country or community.