Trends in Quality-Adjusted Skill Premia in the United States, 1960-2000
被引:76
作者:
Carneiro, Pedro
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机构:
UCL, Dept Econ, London WC1E 6BT, England
CeMMAP, London, England
Inst Fiscal Studies, London, EnglandUCL, Dept Econ, London WC1E 6BT, England
Carneiro, Pedro
[1
,2
,3
]
Lee, Sokbae
论文数: 0引用数: 0
h-index: 0
机构:
CeMMAP, London, England
Inst Fiscal Studies, London, England
Seoul Natl Univ, Dept Econ, Seoul 151742, South KoreaUCL, Dept Econ, London WC1E 6BT, England
Lee, Sokbae
[2
,3
,4
]
机构:
[1] UCL, Dept Econ, London WC1E 6BT, England
[2] CeMMAP, London, England
[3] Inst Fiscal Studies, London, England
[4] Seoul Natl Univ, Dept Econ, Seoul 151742, South Korea
This paper presents new evidence that increases in college enrollment lead to a decline in the average quality of college graduates between 1960 and 2000, resulting in a decrease of 6 percentage points in the college premium. A standard demand and supply framework can qualitatively account for the trend in the college and age premia over this period, but substantial quantitative adjustments are needed to account for changes in quality. (JEL I23, J24, J31)