Trends in Quality-Adjusted Skill Premia in the United States, 1960-2000

被引:81
作者
Carneiro, Pedro [1 ,2 ,3 ]
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
关键词
WAGE INEQUALITY; RELATIVE WAGES; COLLEGE; EDUCATION; RETURNS; HETEROGENEITY; EMPLOYMENT; SELECTION; DEMAND; WOMEN;
D O I
10.1257/aer.101.6.2309
中图分类号
F [经济];
学科分类号
02 ;
摘要
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)
引用
收藏
页码:2309 / 2349
页数:41
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