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Social Dilemma about our Education?
In what ways might higher education be viewed as ‘human capital’ and in what ways might it be seen as ‘credentialism’?
you can answer it by using different perspectives, especially economics point of view
2 Answers
- 1 decade agoFavorite Answer
Race Talk--America’s Social Dilemma and its Effect on Public Education
- 1 decade ago
Human capital is normally a macro economic concept concerning the accumulation of knowlege which leads to higher productivity.
Credentialism is the concept that education, merely singnals existing productivity. In incompete information problems you have inherent inefficiencies and any solution will also include some costs to encourage truth telling. Credentialism is simply a mechanism to reveal individuals productivity as assign them the optimal level of incentives to encourgage the optimal level of effort. That is to say, knowing what someone is capable of allows a manager to best assign efficient tasks and wages.
There is nothing saying that credentialism isn't a form of human capital since human capital is simply an agmentation of labor which increases productivity. Whether education identifies productivity or creates it (or both), this is largely irrelevant in the aggrogate.
