Trends in Quality-Adjusted Skill Premia in the United States, 1960-2000
Trends in Quality-Adjusted Skill Premia in the United States, 1960-2000
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DOI：
10.1257/aer.101.6.2309
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发表时间：
2011-10-01
影响因子：
10.7
通讯作者：
Lee, Sokbae
中科院分区：
文献类型：
--
作者：
Carneiro, Pedro;Lee, Sokbae
本文提出了新的证据表明，在1960年和2000年之间，大学招生的增加导致大学毕业生的平均质量下降，导致大学溢价下降了6个百分点。一个标准的需求和供应框架可以定性地解释这一时期大学和年龄溢价的趋势，但需要大量的数量调整来解释质量的变化。(JEL I23，J24，J31）
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)