Long-run substitutability between more and less educated workers: Evidence from US States, 1950-1990

• 成果类型: Article
• 署名作者: Ciccone, A; Peri, G
• 署名单位: University of California System; University of California Davis; University of California System; University of California Los Angeles; National Bureau of Economic Research
• 刊物名称: REVIEW OF ECONOMICS AND STATISTICS
• ISSN/ISSBN: 0034-6535
• DOI: 10.1162/003465305775098233
• 发表日期: 2005-11
• 页码: 652-663
• 关键词: capital-skill complementarity; LABOR; aggregation; demand

摘要

We estimate the aggregate long-run elasticity of substitution between more educated workers and less educated workers (the slope of the inverse demand curve for more relative to less educated workers) at the U.S. state level. Our data come from the (five) 1950-1990 decennial censuses. Our empirical approach allows for state and time fixed effects and relies on time- and state-dependent child labor and compulsory school attendance laws as instruments for (endogenous) changes in the relative supply of more educated workers. We find the aggregate long-run elasticity of substitution between more and less educated workers to be around 1.5.