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

• 成果类型: Article
• 署名作者: Carneiro, Pedro; Lee, Sokbae
• 署名单位: University of London; University College London; University of London; London School Economics & Political Science; Seoul National University (SNU)
• 刊物名称: AMERICAN ECONOMIC REVIEW
• ISSN/ISSBN: 0002-8282
• DOI: 10.1257/aer.101.6.2309
• 发表日期: 2011
• 页码: 2309-2349
• 关键词: wage inequality; relative wages; college; education; returns; Heterogeneity; EMPLOYMENT; selection; demand; women

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)