Changes in Relative Ability as a Determinant of the U.S. College Premium

IF 0.7 Q3 ECONOMICS Review of Economic Analysis Pub Date : 2015-11-27 DOI:10.15353/rea.v7i1.1486
D. Martin, Yongli Zhang
{"title":"Changes in Relative Ability as a Determinant of the U.S. College Premium","authors":"D. Martin, Yongli Zhang","doi":"10.15353/rea.v7i1.1486","DOIUrl":null,"url":null,"abstract":"We develop a macroeconomic framework to estimate the importance of fluctuations in relative ability in accounting for trends in the college premium in the United States since 1965. The theoretical scaffolding is a heterogeneous agent model with two dimensions of ability and endogenous schooling choice, with exogenous skill-biased technological change (SBTC), college tuition, and noneconomic social forces. We solve for conditions under which SBTC reduces the relative ability of college educated workers, and show that these conditions are met in the data. We attribute the drop in the college premium over the 1970s to a 25.5% drop in the mean relative quality of college-educated workers from 1968 to 1977. We find that SBTC explains about two thirds of the increase in college attendance since 1965, and that absent both supply shifts and a supply response to SBTC, the relative wage of highly educated workers would have been 77.1% larger in 2013.","PeriodicalId":42350,"journal":{"name":"Review of Economic Analysis","volume":null,"pages":null},"PeriodicalIF":0.7000,"publicationDate":"2015-11-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Review of Economic Analysis","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.15353/rea.v7i1.1486","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0

Abstract

We develop a macroeconomic framework to estimate the importance of fluctuations in relative ability in accounting for trends in the college premium in the United States since 1965. The theoretical scaffolding is a heterogeneous agent model with two dimensions of ability and endogenous schooling choice, with exogenous skill-biased technological change (SBTC), college tuition, and noneconomic social forces. We solve for conditions under which SBTC reduces the relative ability of college educated workers, and show that these conditions are met in the data. We attribute the drop in the college premium over the 1970s to a 25.5% drop in the mean relative quality of college-educated workers from 1968 to 1977. We find that SBTC explains about two thirds of the increase in college attendance since 1965, and that absent both supply shifts and a supply response to SBTC, the relative wage of highly educated workers would have been 77.1% larger in 2013.
查看原文
分享 分享
微信好友 朋友圈 QQ好友 复制链接
本刊更多论文
相对能力的变化作为美国大学优势的决定因素
我们开发了一个宏观经济框架来估计自1965年以来美国大学溢价趋势中相对能力波动的重要性。理论框架是一个具有能力和内生学校选择两个维度的异质主体模型,外生技能偏倚技术变革(SBTC)、大学学费和非经济社会力量。我们求解了SBTC降低高学历工人相对能力的条件,并在数据中证明了这些条件是满足的。我们将上世纪70年代大学学历溢价的下降归因于1968年至1977年受过大学教育的工人的平均相对质量下降了25.5%。我们发现,自1965年以来,SBTC解释了大约三分之二的大学入学率增长,如果没有供给转移和对SBTC的供给响应,高学历工人的相对工资在2013年将高出77.1%。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
求助全文
约1分钟内获得全文 去求助
来源期刊
CiteScore
1.10
自引率
0.00%
发文量
10
审稿时长
26 weeks
期刊最新文献
The Nexus between Causal Macroeconomic Relations in Japan Foreign Direct Investment and the Robustness of Host-Country Commitment The (non) impact of education on marital dissolution Demand for Money in Greece After Euro Area and Policy Uncertainties Ethnic Inequality and Anti-authoritarianism in Sub-Saharan Africa
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
现在去查看 取消
×
提示
确定
0
微信
客服QQ
Book学术公众号 扫码关注我们
反馈
×
意见反馈
请填写您的意见或建议
请填写您的手机或邮箱
已复制链接
已复制链接
快去分享给好友吧!
我知道了
×
扫码分享
扫码分享
Book学术官方微信
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术
文献互助 智能选刊 最新文献 互助须知 联系我们:info@booksci.cn
Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。
Copyright © 2023 Book学术 All rights reserved.
ghs 京公网安备 11010802042870号 京ICP备2023020795号-1