英文摘要 |
Under the assumption that a college degree only provides its holders with a high productivity signal for the labor market, this paper adopts a standard tournament model to explore the effects of pass rate, educational expansion arrangement, and test discriminabil-ity upon efforts and welfare of heterogeneous exam takers. Results of numerical analysis suggest that exam takers differ in their responses to an educational expansion when facing various talent distributions and degrees of test discriminability. In some cases, severe competition exists among some group of exam takers, and its effects spill over to other exam takers outside this group. In sum, we propose related policy thinking as follows: increasing either educational resources for disadvantageous students or the degree of test discrim-inability under a differential expansion system can decrease the effort levels in preparing for the exam and raise the total welfare of all exam takers. |