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Peter H. Huang

. Econ. Rev. 460 (2002) (Nobel lecture). also wrote about higher education serving as a filter, screen, or label. Kenneth J. Arrow, Higher Education as a Filter , 2 J. Pub. Econ. 193 (1972); Joseph Stiglitz, The Theory of ‘Screening’, Education, and the Distribution of Income , 65 Am. Econ. Rev. 283 (1975). The traditional human capital theory view is that higher education increases productivity through acquiring cognitive skills and/or becoming socialized about such soft skills as emotional intelligence and punctuality. Arrow, supra note 92, at 193-94. Arrow