Do Schools Form Human Capital? Distributional Divide and Cohort-Based Analysis in Japan
23 Pages Posted: 18 Aug 2005
Date Written: August 2005
This paper presents empirical wage analyses in Japan on the basis of the framework of Saito (2005). Data arranged by cohorts enable analyses on the effect of the educational advancement rate with regard to the wage ratio. Empirical results in Japan suggest that a statistical trick causes most of the wage ratio changes. Further, the real effects of higher education on wages range from slightly negative to insignificant.
Keywords: Wage ratio, Cohort, Human capital, Japan
JEL Classification: D31, J24, J31
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