Intergenerational Occupational Choice Comparisons: The Case of Teachers in the UK
Peter Dolton and
Economic Journal, 1994, vol. 104, issue 425, 841-63
This paper examines how U.K. graduate occupational choices have changed since 1970, with reference to the choice of becoming a teacher using two cohorts of data. Remuneration, morale, status, and image of the teaching profession have been altered dramatically. The sensitivity of the teacher choice to relative wage changes is examined and compared for men and women separately. The paper presents a counterfactual prediction of the decisions that each cohort would have made had they experienced the market conditions of the other and estimates a decomposition of the changes in the average probabilities due to remunerative and other factors. Copyright 1994 by Royal Economic Society.
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