In the Spence education signaling model,what is the social value of education?
A) employees improve their ability to perform on the job.
B) employers can use education as a screen to match talented employees with high-skill jobs.
C) employers can save the costs of on-the-job training, which is less efficient than a general education.
D) it allows low-ability employees to apply for high-salary jobs.

Question

Quizplus · Accepted Answer

According to the Spence education signaling model, the social value of education is that employers can use education as a signal or screening device to match talented employees with high-skill jobs. Education serves as a signal of innate ability and work ethic, making it easier for employers to identify the most talented workers and allocate them to jobs in which they can make the most significant contributions. Therefore, option B is the best choice that accurately reflects the social value of education in this model. The other options are not as accurate or do not represent the central idea of the model.

In the Spence Education Signaling Model,what Is the Social Value