The _____ effect is the increase in earnings that occurs from obtaining higher credentials as opposed to obtaining higher levels of human capital.

Name: The _____ effect is the increase in earnings that occurs from obtaining higher credentials as opposed to obtaining higher levels of human capital.
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Question

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The sheepskin effect refers to the increase in earnings associated with obtaining a diploma or degree (credentials) rather than the actual skills or human capital gained through education.

The _____ Effect Is the Increase in Earnings That Occurs