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Title: Sheepskin Effects in Japan

Author(s): Thomas Bauer, Patrick J Dross and John P Haisken-DeNew

Publication Date: November 2002

Keyword(s): Japan, returns to education and sheepskin effects

Programme Area(s): Labour Economics

Abstract: Using data for the 1990s, this Paper examines the role of sheepskin effects in the returns to education for Japan. Our estimations indicate that sheepskin effects explain about 50% of the total returns to schooling. We further find that sheepskin effects are only important for workers in small firms with the size of these effects being similar to comparable estimates for the US. These results could be explained by the particular recruitment system of large firms in Japan, which makes the university diploma unimportant as a screening device for large firms.

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Bibliographic Reference

Bauer, T, Dross, P and Haisken-DeNew, J. 2002. 'Sheepskin Effects in Japan'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=3609