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

Pedro Carneiro and Sokbae (Simon) Lee

American Economic Review, 2011, vol. 101, issue 6, 2309-49

Abstract: 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)

Date: 2011
References: Add references at CitEc
Citations: View citations in EconPapers (120)

Downloads: (external link)
http://www.aeaweb.org/articles.php?doi=10.1257/aer.101.6.2309 (application/pdf)
http://www.aeaweb.org/aer/data/oct2011/20070899_data.zip dataset accompanying article (application/zip)
Access to full text is restricted to AEA members and institutional subscribers.

Related works:
Working Paper: Trends in Quality-Adjusted Skill Premia in the United States, 1960-2000 (2010)
Working Paper: Trends in quality-adjusted skill premia in the United States, 1960-2000 (2009)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aea:aecrev:v:101:y:2011:i:6:p:2309-49

Ordering information: This journal article can be ordered from
https://www.aeaweb.org/journals/subscriptions

Access Statistics for this article

American Economic Review is currently edited by Esther Duflo

More articles in American Economic Review from American Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Michael P. Albert ().