The UK wage premium puzzle: how did a large increase in university graduates leave the education premium unchanged?
The UK wage premium puzzle: how did a large increase in university graduates leave the education premium unchanged?
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英国工资溢价之谜：大学毕业生大幅增加为何教育溢价保持不变？
DOI：
10.1920/wp.ifs.2016.1601
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发表时间：
2016
期刊：
影响因子：
--
通讯作者：
W. Jin
中科院分区：
文献类型：
--
作者：
R. Blundell;D. Green;W. Jin
自20世纪90年代初以来，英国大学毕业生人数出现了前所未有的增长。30岁时拥有大学学位的人的比例从1965-69年出生的16%增加到10年后出生的33%，翻了一番多。与此同时，毕业生保险费的年龄分布在各年龄组中基本保持不变。本文首先以美国经济为基准，通过对过去二十年工资和就业模式的微观数据进行详细分析来确立事实。然后，我们表明，在不同的出生队列的保费的年龄分布的稳定性是不太可能被解释的组成变化或选择不可观测的。我们还认为，这与以同样方式影响所有发达经济体的技能偏见技术变革不一致。我们进一步排除了基于要素价格均衡的解释。我们的解决方案是一个模型，在这个模型中，教育水平的提高促使企业向分散的技术过渡，在这种技术中，决策通过劳动力更广泛地传播。我们为这一观点提供了实证支持。
Since the early-1990s the UK experienced an unprecedented increase in university graduates. The proportion of people with a university degree by age 30 more than doubled from 16% for born in 1965-69 to 33% for those born ten years later. At the same time the age profile of the graduate premium remained largely unchanged across cohorts. This paper first establishes the facts using a detailed analysis of micro-data on wage and employment patterns over the last two decades, benchmarked against the US economy. We then show that the stability of the age profile in the premium across different birth cohorts is unlikely to be explained by either composition changes or selection on unobservables. We also argue that it is inconsistent with skill-biased technical change affecting all advanced economies in the same way. We further rule out explanations based on factor price equalisation. Our resolution of the puzzle is a model in which increases in level of education induce firms to transit toward a decentralised technology in which decision-making is spread more widely through the workforce. We provide empirical support for this view.
影响因子：
3.8
作者：
Dustmann, Christian;Glitz, Albrecht
通讯作者：
Glitz, Albrecht