Migration and Human Capital Formation: Theory and Evidence From the U.S. High School Movement

Rodney Ramcharan

No 2002/123, IMF Working Papers from International Monetary Fund

Abstract: In 1910, 12 percent of American 14-17 year olds were enrolled in high school; by 1930, enrollment had increased to 50 percent; enrollment in Britain was 12 percent in 1950. This paper argues that by increasing the skill premium, the massive inflows of European unskilled immigrants at the turn of the twentieth century engendered America's sharp rise in human capital investment. The increased enrollments raised the supply of schools, leading to continued schooling investment. Cross section evidence and a VAR analysis of the time series data support the hypothesized role of immigration in generating the high school movement.

Keywords: WP; standard deviation; time series; private cost; factor movements; human capital formation; skill premium; immigration flow; population movement; Migration; Skilled labor; Europe (search for similar items in EconPapers)
Pages: 39
Date: 2002-07-01
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Citations: View citations in EconPapers (4)

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