Human Capital Theory vs. Screening Hypothesis: Evidence from the Greek Health Sector

Stefanos Chanis, Constantinos Tsamadias


This study tests whether the human capital theory is stronger than the screening hypothesis, using data from the Greek health sector. The paper estimates the rates of return of workers in the Greek health sector and tests the screening hypothesis. The evidence shows that the ‘weak’ version of the screening hypothesis is valid, but in general, the empirical results are consistent with the human capital theory.

JEL: J24, I26


Rate of Return, Human Capital, Screening Hypothesis, Greek Health Sector

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η δικτυακή πύλη της ευρωπαϊκής ένωσης ψηφιακή ελλάδα ΕΣΠΑ 2007-2013