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ConceptSignaling Theory / 信号传递理论

Signaling Theory

Signaling theory is an economic theory proposed by economist Michael Spence in 1973. Its core proposition holds that in markets characterized by information asymmetry, the information-advantaged party can transmit signals about its capabilities—such as educational credentials or certifications—to the information-disadvantaged party through observable signals. The theory is widely applied in labor market analysis and the economics of education.

Core Facts

Timeline (last 90 days)

Sep 26

Signaling theory in education holds that a degree or qualification does not necessarily directly increase productivity, but instead serves as a credible signal to employers of an individual's quality.

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Sep 21

Signaling theory holds that the true value of an educational credential sometimes does not come from the knowledge acquired itself, but rather from serving as a credible signal to employers that the holder has the willingness and ability to complete high-intensity systematic training.

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Aug 5

Signaling theory was originally proposed by economist Michael Spence to explain educational signaling in labor markets.

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