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| Author: | Buerkle, K. Guseva, A. |
| Title: | What Do You Know, Who Do You Know? School as a Site for the Production of Social Capital and its Effects on Income Attainment in Poland and the Czech Republic |
| Journal: | American Journal of Economics and Sociology
2002 : JUL, VOL. 61:3, p. 657-680 |
| Index terms: | PRODUCTION HUMAN CAPITAL INCOMES POLAND CZECH REPUBLIC |
| Language: | eng |
| Abstract: | This paper criticizes traditional approaches to stratification, which suggest that education contributes to inequality solely by endowing people with different amounts of human capital (knowledge and skills) or credentials. What these approaches overlook is the social component of education-friends, acquaintances and other connections one accumulates while in school. These connections reduce the uncertainty inherently present in the hiring process by compensating for lack of information with trust. The authors argue that social capital gained while in school has an independent effect on individual income, and show how this effect varies by education and experience levels. |
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