Explaining the evolution of educational attainment in the U.S.

Arbeitspapier

We study the evolution of educational attainment of the 1932-1972 cohorts using a human capital investment model with heterogeneous learning ability. Inter-cohort variation in schooling is driven by changes in skill prices, tuition, and education quality over time, and average learning ability across cohorts. Under static expectations the model accounts for the main empirical patterns. Rising skill prices for college explain the rapid increase in college graduation till the 1948 cohort. The decline in average learning ability, calibrated to match the evolution of test scores, explains half of the stagnation in college graduation between the 1948 and 1972 cohorts.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: CIBC Working Paper ; No. 2015-5

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Education and Inequality ; Human Capital; Skills; Occupational Choice; Labor Productivity ; Wage Level and Structure; Wage Differentials ; Macroeconomic Analyses of Economic Development
• Thema: Educational Attainment ; Human Capital ; Skill Prices ; Inequality ; Cohorts ; Bildungsabschluss ; Männer ; USA

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Castro, Rui ; Coen-Pirani, Daniele
• Ereignis: Veröffentlichung
• (wer): The University of Western Ontario, CIBC Centre for Human Capital and Productivity
• (wo): London (Ontario)
• (wann): 2015

Weitere Informationen

• Handle: http://hdl.handle.net/10419/180873
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ