Abstract
This paper develops a model of college admissions that emphasizes the role of college admissions as a human capital evaluation method. Given multiple dimensions of human capital, different patterns of human capital evaluation and development can emerge as multiple equilibria. These equilibria with a varying emphasis on different aspects of human capital can match an observed difference in college admission patterns between East Asian countries and the U.S. These different patterns are not Pareto ranked. Empirical implications of model are also discussed.
| Original language | English |
|---|---|
| Pages (from-to) | 57-87 |
| Number of pages | 31 |
| Journal | Korean Economic Review |
| Volume | 31 |
| Issue number | 1 |
| Publication status | Published - 2015 Jun 1 |
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Keywords
- Congnitive skills
- Coordination
- Human capital evaluation
- Multiple equilibria
- Non-cognitive skills
- University admissions
ASJC Scopus subject areas
- Economics, Econometrics and Finance(all)
Cite this
Being knowledgeable or sociable? Different patterns of human capital development and evaluation in cognitive and non-cognitive skills. / Kang, Changhui; Lee, Sam-Ho.
In: Korean Economic Review, Vol. 31, No. 1, 01.06.2015, p. 57-87.Research output: Contribution to journal › Article
}
TY - JOUR
T1 - Being knowledgeable or sociable? Different patterns of human capital development and evaluation in cognitive and non-cognitive skills
AU - Kang, Changhui
AU - Lee, Sam-Ho
PY - 2015/6/1
Y1 - 2015/6/1
N2 - This paper develops a model of college admissions that emphasizes the role of college admissions as a human capital evaluation method. Given multiple dimensions of human capital, different patterns of human capital evaluation and development can emerge as multiple equilibria. These equilibria with a varying emphasis on different aspects of human capital can match an observed difference in college admission patterns between East Asian countries and the U.S. These different patterns are not Pareto ranked. Empirical implications of model are also discussed.
AB - This paper develops a model of college admissions that emphasizes the role of college admissions as a human capital evaluation method. Given multiple dimensions of human capital, different patterns of human capital evaluation and development can emerge as multiple equilibria. These equilibria with a varying emphasis on different aspects of human capital can match an observed difference in college admission patterns between East Asian countries and the U.S. These different patterns are not Pareto ranked. Empirical implications of model are also discussed.
KW - Congnitive skills
KW - Coordination
KW - Human capital evaluation
KW - Multiple equilibria
KW - Non-cognitive skills
KW - University admissions
UR - http://www.scopus.com/inward/record.url?scp=84934755262&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84934755262&partnerID=8YFLogxK
M3 - Article
VL - 31
SP - 57
EP - 87
JO - Korean Economic Review
JF - Korean Economic Review
SN - 0254-3737
IS - 1
ER -