Being knowledgeable or sociable? Different patterns of human capital development and evaluation in cognitive and non-cognitive skills

Changhui Kang, Sam-Ho Lee

Research output: Contribution to journalArticle

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 languageEnglish
Pages (from-to)57-87
Number of pages31
JournalKorean Economic Review
Volume31
Issue number1
Publication statusPublished - 2015 Jun 1

Keywords

  • Congnitive skills
  • Coordination
  • Human capital evaluation
  • Multiple equilibria
  • Non-cognitive skills
  • University admissions

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)

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