No Can Do? A Test of the Textbook Model of Labor Markets

M. Goos

Review of Business and Economic Literature, 2007, vol. LII, issue 2, 217-264

Abstract: This study exploits Britain~s expansion of its higher education system between 1988 and 1994 to show that the recent increase in college attaimnent growth rates has decreased college premiums for Britain's youngest workers. This is in line with the predictions from an adverse supply shock in a simple aggregate model of relative demand for and supply of college labor. Moreover, this paper conjec* tures that a simple demand-supply model can go a substantial distance towards explaining the variation in the UK economy-wide average return to college and overall wage inequality.

Date: 2007
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://lirias.kuleuven.be/bitstream/123456789/198163/2/2007-2+GOOS.pdf

Related works:
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:ete:revbec:20070202

Access Statistics for this article

More articles in Review of Business and Economic Literature from KU Leuven, Faculty of Economics and Business (FEB), Review of Business and Economic Literature Contact information at EDIRC.
Bibliographic data for series maintained by library EBIB ().