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Title: Trends in Quality-Adjusted Skill Premia in the United States, 19602000

Citation Type: Journal Article

Publication Year: 2011

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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 areneeded to account for changes in quality.

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Authors: Lee, Sokbae; Carneiro, Pedro

Periodical (Full): American Economic Review

Issue: 6

Volume: 101

Pages: 2309-49

Data Collections: IPUMS USA

Topics: Education, Labor Force and Occupational Structure

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