What theory suggests that learning material on your own would not generate the same benefits as those achieved by formally attending classes and receiving a degree?

Question

Quizplus · Accepted Answer

The signal theory suggests that attending classes and receiving a degree serves as a signal to potential employers of a person's ability and dedication to completing tasks. Learning material on one's own does not offer the same signal or credibility to employers, potentially resulting in lower wages or fewer job opportunities. The other options (human capital, compensating differentials, winner-take-all, and efficiency wage) do not directly relate to this theory.

What Theory Suggests That Learning Material on Your Own Would