Demand and Supply Effects and Returns to College Education - Evidence from a Natural Experiment with Engineers in Denmark

Hans-Peter Y. Qvist, Anders Holm () and Martin D. Munk
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Hans-Peter Y. Qvist: Department of Sociology and Social Work, Aalborg University, https://www.aau.dk/
Martin D. Munk: Department of Political Science, Aalborg University, https://www.aau.dk/

No 20164, University of Western Ontario, Centre for Human Capital and Productivity (CHCP) Working Papers from University of Western Ontario, Centre for Human Capital and Productivity (CHCP)

Abstract: The demand and supply model predicts that a larger relative net supply of a particular skill group will negatively affect its relative wage. To test this, we use the opening of a new university in Denmark as a natural experiment. We show that the opening of Aalborg University created a shock to the supply of structural engineers in the mid-1980s. Because Aalborg University did not have a chemical engineering program, we use chemical engineers as a control group and find that the wages of structural engineers dropped in and around 1984, when the supply of structural engineers peaked.

Date: 2016
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