Educational Attainment and the Changing U.S. Wage Structure: Dynamic Implications on Young Individuals' Choices
Author
Abstract
Suggested Citation
DOI: 10.1086/651720
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Willis, Robert J & Rosen, Sherwin, 1979.
"Education and Self-Selection,"
Journal of Political Economy, University of Chicago Press, vol. 87(5), pages 7-36, October.
- Robert J. Willis & Sherwin Rosen, 1978. "Education and Self-Selection," NBER Working Papers 0249, National Bureau of Economic Research, Inc.
- Lawrence F. Katz & Kevin M. Murphy, 1992.
"Changes in Relative Wages, 1963–1987: Supply and Demand Factors,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 107(1), pages 35-78.
- Lawrence F. Katz & Kevin M. Murphy, 1991. "Changes in Relative Wages, 1963-1987: Supply and Demand Factors," NBER Working Papers 3927, National Bureau of Economic Research, Inc.
- Katz, L.F. & Murphy, K.M., 1991. "Changes in Relative Wages, 1963-1987: Supply and Demand Factors," Harvard Institute of Economic Research Working Papers 1580, Harvard - Institute of Economic Research.
- Blinder, Alan S & Weiss, Yoram, 1976.
"Human Capital and Labor Supply: A Synthesis,"
Journal of Political Economy, University of Chicago Press, vol. 84(3), pages 449-472, June.
- Alan S. Blinder & Yoram Weiss, 1974. "Human Capital and Labor Supply: A Synthesis," Working Papers 435, Princeton University, Department of Economics, Industrial Relations Section..
- Alan S. Blinder & Yoram Weiss, 1975. "Human Capital and Labor Supply: A Synthesis," NBER Working Papers 0067, National Bureau of Economic Research, Inc.
- Moshe Buchinsky & Jinyong Hahn, 1998. "An Alternative Estimator for the Censored Quantile Regression Model," Econometrica, Econometric Society, vol. 66(3), pages 653-672, May.
- Harvey,Andrew C., 1991.
"Forecasting, Structural Time Series Models and the Kalman Filter,"
Cambridge Books,
Cambridge University Press, number 9780521405737, January.
- Harvey,Andrew C., 1990. "Forecasting, Structural Time Series Models and the Kalman Filter," Cambridge Books, Cambridge University Press, number 9780521321969, January.
- Keane, Michael P & Wolpin, Kenneth I, 1997.
"The Career Decisions of Young Men,"
Journal of Political Economy, University of Chicago Press, vol. 105(3), pages 473-522, June.
- Michael P. Keane & Kenneth I. Wolpin, 1995. "The career decisions of young men," Working Papers 559, Federal Reserve Bank of Minneapolis.
- Moshe Buchinsky & Jennifer Hunt, 1999.
"Wage Mobility In The United States,"
The Review of Economics and Statistics, MIT Press, vol. 81(3), pages 351-368, August.
- Moshe Buchinsky & Jennifer Hunt, 1996. "Wage Mobility in the United States," NBER Working Papers 5455, National Bureau of Economic Research, Inc.
- Juhn, Chinhui & Murphy, Kevin M & Pierce, Brooks, 1993. "Wage Inequality and the Rise in Returns to Skill," Journal of Political Economy, University of Chicago Press, vol. 101(3), pages 410-442, June.
- Abowd, John M & Card, David, 1989.
"On the Covariance Structure of Earnings and Hours Changes,"
Econometrica, Econometric Society, vol. 57(2), pages 411-445, March.
- John M. Abowd & David Card, 1986. "On the Covariance Structure of Earnings and Hours Changes," NBER Working Papers 1832, National Bureau of Economic Research, Inc.
- repec:bla:jfinan:v:59:y:2004:i:1:p:407-446 is not listed on IDEAS
- Thomas J. Kane, 1995. "Rising Public College Tuition and College Entry: How Well Do Public Subsidies Promote Access to College?," NBER Working Papers 5164, National Bureau of Economic Research, Inc.
- Taber, Christopher R., 2000. "Semiparametric identification and heterogeneity in discrete choice dynamic programming models," Journal of Econometrics, Elsevier, vol. 96(2), pages 201-229, June.
- Charles F. Manski, 2004. "Measuring Expectations," Econometrica, Econometric Society, vol. 72(5), pages 1329-1376, September.
- Alp E. Atakan, 2003. "Stochastic convexity in dynamic programming," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 22(2), pages 447-455, September.
- Yoram Ben-Porath, 1967. "The Production of Human Capital and the Life Cycle of Earnings," Journal of Political Economy, University of Chicago Press, vol. 75(4), pages 352-352.
- Robert A. Moffitt & Peter Gottschalk, 2002. "Trends in the Transitory Variance of Earnings in the United States," Economic Journal, Royal Economic Society, vol. 112(478), pages 68-73, March.
- Griliches, Zvi, 1977. "Estimating the Returns to Schooling: Some Econometric Problems," Econometrica, Econometric Society, vol. 45(1), pages 1-22, January.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Alexander Whalley, 2004. "Black-White Differences in the Insurance Value of Human Capital," Econometric Society 2004 North American Summer Meetings 575, Econometric Society.
- Xavier D'Haultfoeuille & Christophe Gaillac & Arnaud Maurel, 2018.
"Rationalizing Rational Expectations? Tests and Deviations,"
NBER Working Papers
25274, National Bureau of Economic Research, Inc.
- D'Haultfoeuille, Xavier & Gaillac, Christophe & Maurel, Arnaud, 2018. "Rationalizing Rational Expectations? Tests and Deviations," IZA Discussion Papers 11989, Institute of Labor Economics (IZA).
- Adeline Delavande & Basit Zafar, 2014.
"University choice: the role of expected earnings, non-pecuniary outcomes, and financial constraints,"
Staff Reports
683, Federal Reserve Bank of New York.
- Delavande, Adeline & Zafar, Basit, 2014. "University choice: the role of expected earnings, non-pecuniary outcomes and financial constraints," ISER Working Paper Series 2014-38, Institute for Social and Economic Research.
- Ben Rejeb, Aymen & Arfaoui, Mongi, 2016.
"Financial market interdependencies: A quantile regression analysis of volatility spillover,"
Research in International Business and Finance, Elsevier, vol. 36(C), pages 140-157.
- Ben Rejeb, Aymen & Arfaoui, Mongi, 2014. "Financial market interdependencies: a quantile regression analysis of volatility spillover," MPRA Paper 61516, University Library of Munich, Germany.
- Long, Mark C. & Goldhaber, Dan & Huntington-Klein, Nick, 2015. "Do completed college majors respond to changes in wages?," Economics of Education Review, Elsevier, vol. 49(C), pages 1-14.
- Ben Rejeb, Aymen, 2017. "On the volatility spillover between lslamic and conventional stock markets: A quantile regression analysis," Research in International Business and Finance, Elsevier, vol. 42(C), pages 794-815.
- Magali Beffy & Denis Fougère & Arnaud Maurel, 2012.
"Choosing the Field of Study in Postsecondary Education: Do Expected Earnings Matter?,"
The Review of Economics and Statistics, MIT Press, vol. 94(1), pages 334-347, February.
- Beffy, Magali & Fougère, Denis & Maurel, Arnaud, 2009. "Choosing the Field of Study in Post-Secondary Education: Do Expected Earnings Matter?," IZA Discussion Papers 4127, Institute of Labor Economics (IZA).
- Magali BEFFY & Denis FOUGERE & Arnaud MAUREL, 2009. "Choosing the Field of Study in Post-Secondary Education : Do Expected Earnings Matter ?," Working Papers 2009-14, Center for Research in Economics and Statistics.
- Heckman, James J. & Lochner, Lance J. & Todd, Petra E., 2006.
"Earnings Functions, Rates of Return and Treatment Effects: The Mincer Equation and Beyond,"
Handbook of the Economics of Education, in: Erik Hanushek & F. Welch (ed.), Handbook of the Economics of Education, edition 1, volume 1, chapter 7, pages 307-458,
Elsevier.
- Heckman, James J. & Lochner, Lance John & Todd, Petra E., 2005. "Earnings Functions, Rates of Return and Treatment Effects: The Mincer Equation and Beyond," IZA Discussion Papers 1700, Institute of Labor Economics (IZA).
- James J. Heckman & Lance J. Lochner & Petra E. Todd, 2005. "Earnings Functions, Rates of Return and Treatment Effects: The Mincer Equation and Beyond," NBER Working Papers 11544, National Bureau of Economic Research, Inc.
- Stacey Chen, 2003. "Risk Attitude and College Attendance," Discussion Papers 03-03, University at Albany, SUNY, Department of Economics.
- Dragomirescu-Gaina, Catalin & Elia, Leandro & Weber, Anke, 2015.
"A fast-forward look at tertiary education attainment in Europe 2020,"
Journal of Policy Modeling, Elsevier, vol. 37(5), pages 804-819.
- Dragomirescu-Gaina, Catalin & Elia, Leandro & Weber, Anke, 2014. "A fast-forward look at tertiary education attainment in Europe 2020," MPRA Paper 57957, University Library of Munich, Germany.
- Courtioux, Pierre & Gregoir, Stéphane & Houeto, Dede, 2014. "Modelling the distribution of returns on higher education: A microsimulation approach," Economic Modelling, Elsevier, vol. 38(C), pages 328-340.
- Michelle L. Barnes & Anthony W. Hughes, 2002. "A quantile regression analysis of the cross section of stock market returns," Working Papers 02-2, Federal Reserve Bank of Boston.
- Hügle, Dominik, 2021. "The decision to enrol in higher education," Discussion Papers 2021/8, Free University Berlin, School of Business & Economics.
- Basit Zafar, 2011.
"Can subjective expectations data be used in choice models? evidence on cognitive biases,"
Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 26(3), pages 520-544, April.
- Basit Zafar, 2010. "Can subjective expectations data be used in choice models? Evidence on cognitive biases," Staff Reports 454, Federal Reserve Bank of New York.
- Ben Rejeb, Aymen, 2016. "Volatility Spillover between Islamic and conventional stock markets: evidence from Quantile Regression analysis," MPRA Paper 73302, University Library of Munich, Germany.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Keane, Michael P. & Todd, Petra E. & Wolpin, Kenneth I., 2011. "The Structural Estimation of Behavioral Models: Discrete Choice Dynamic Programming Methods and Applications," Handbook of Labor Economics, in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 4, chapter 4, pages 331-461, Elsevier.
- Gianluca Violante & Giovanni Gallipoli & Costas Meghir, 2005.
"Education Decisions, Equilibrium Policies and Wages Dispersion,"
2005 Meeting Papers
522, Society for Economic Dynamics.
- Brant Abbott & Giovanni Gallipoli & Costas Meghir & Giovanni L. Violante, 2013. "Education Policy�and Intergenerational Transfers in Equilibrium," Cowles Foundation Discussion Papers 1887, Cowles Foundation for Research in Economics, Yale University.
- Giovanni L. Violante & Costas Meghir & Giovanni Gallipoli, 2008. "Equilibrium Effects of Education Policies: a Quantitative Evaluation," 2008 Meeting Papers 868, Society for Economic Dynamics.
- Lee, Donghoon & Wolpin, Kenneth I., 2010.
"Accounting for wage and employment changes in the US from 1968-2000: A dynamic model of labor market equilibrium,"
Journal of Econometrics, Elsevier, vol. 156(1), pages 68-85, May.
- Donghoon Lee & Kenneth I. Wolpin, 2005. "Accounting for Wage and Employment Changes in the U. S. from 1968-2000: A Dynamic Model of Labor Market Equilibrium," PIER Working Paper Archive 06-005, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 02 Jan 2006.
- Donghoon Lee & Kenneth I. Wolpin, 2006. "Accounting for Wage and Employment Changes in the U.S. from 1968-2000: A Dynamic Model of Labor Market Equilibrium," 2006 Meeting Papers 172, Society for Economic Dynamics.
- Fatih Guvenen & Burhanettin Kuruscu, 2010.
"A Quantitative Analysis of the Evolution of the US Wage Distribution, 1970–2000,"
NBER Chapters, in: NBER Macroeconomics Annual 2009, Volume 24, pages 227-276,
National Bureau of Economic Research, Inc.
- Fatih Guvenen & Burhanettin Kuruscu, 2007. "A Quantitative Analysis of the Evolution of the U.S. Wage Distribution: 1970-2000," NBER Working Papers 13095, National Bureau of Economic Research, Inc.
- Fatih Guvenen & Burhanettin Kurusçu, 2009. "A quantitative analysis of the evolution of the U.S. wage distribution, 1970-2000," Staff Report 427, Federal Reserve Bank of Minneapolis.
- Nikolov, Plamen & Jimi, Nusrat & Chang, Jerray, 2020.
"The Importance of Cognitive Domains and the Returns to Schooling in South Africa: Evidence from Two Labor Surveys,"
Labour Economics, Elsevier, vol. 65(C).
- Plamen Nikolov & Nusrat Jimi, 2020. "The Importance of Cognitive Domains and the Returns to Schooling in South Africa: Evidence from Two Labor Surveys," Papers 2006.00739, arXiv.org, revised Jun 2020.
- Nikolov, Plamen & Jimi, Nusrat Abedin, 2020. "The Importance of Cognitive Domains and the Returns to Schooling in South Africa: Evidence from Two Labor Surveys," IZA Discussion Papers 13194, Institute of Labor Economics (IZA).
- Plamen Nikolov & Nusrat Jimi, 2020. "The Importance of Cognitive Domains and the Returns to Schooling in South Africa: Evidence from Two Labor Surveys," Working Papers 2020-026, Human Capital and Economic Opportunity Working Group.
- Nicholas W Papageorge & Kevin Thom, 2020.
"Genes, Education, and Labor Market Outcomes: Evidence from the Health and Retirement Study,"
Journal of the European Economic Association, European Economic Association, vol. 18(3), pages 1351-1399.
- Papageorge, Nicholas W. & Thom, Kevin, 2016. "Genes, Education, and Labor Market Outcomes: Evidence from the Health and Retirement Study," IZA Discussion Papers 10200, Institute of Labor Economics (IZA).
- Nicholas W. Papageorge & Kevin Thom, 2018. "Genes, Education, and Labor Market Outcomes: Evidence from the Health and Retirement Study," NBER Working Papers 25114, National Bureau of Economic Research, Inc.
- Nicholas W. Papageorge & Kevin Thom, 2018. "Genes, Education, and Labor Market Outcomes: Evidence from the Health and Retirement Study," Working Papers 2018-076, Human Capital and Economic Opportunity Working Group.
- Nicholas W. Papageorge & Kevin Thom, 2017. "Genes, Education, and Labor Market Outcomes: Evidence from the Health and Retirement Study," Upjohn Working Papers 17-273, W.E. Upjohn Institute for Employment Research.
- Lance Lochner & Youngki Shin, 2014.
"Understanding Earnings Dynamics: Identifying and Estimating the Changing Roles of Unobserved Ability, Permanent and Transitory Shocks,"
NBER Working Papers
20068, National Bureau of Economic Research, Inc.
- Lance Lochner & Youngki Shin, 2014. "Understanding Earnings Dynamics: Identifying and Estimating the Changing Roles of Unobserved Ability, Permanent and Transitory Shocks," University of Western Ontario, Centre for Human Capital and Productivity (CHCP) Working Papers 20142, University of Western Ontario, Centre for Human Capital and Productivity (CHCP).
- Lance Lochner & Youngki Shin, 2015. "Understanding Earnings Dynamics: Identifying and Estimating the Changing Roles of Unobserved Ability, Permanent and Transitory Shocks," Working Paper series 15-09, Rimini Centre for Economic Analysis.
- Zvi Eckstein & Yoram Weiss, 2004.
"On The Wage Growth of Immigrants: Israel, 1990-2000,"
Journal of the European Economic Association, MIT Press, vol. 2(4), pages 665-695, June.
- Eckstein, Zvi & Weiss, Yoram, 2003. "On the Wage Growth of Immigrants: Israel, 1990-2000," CEPR Discussion Papers 3770, C.E.P.R. Discussion Papers.
- Eckstein, Zvi & Weiss, Yoram, 2003. "On the Wage Growth of Immigrants: Israel, 1990-2000," IZA Discussion Papers 710, Institute of Labor Economics (IZA).
- Suqin Ge & Fang Yang, 2013.
"Accounting For The Gender Gap In College Attainment,"
Economic Inquiry, Western Economic Association International, vol. 51(1), pages 478-499, January.
- Fang (Annie) Yang & Suqin Ge, 2008. "Accounting for the Gender Gap in College Attainment," Discussion Papers 08-02, University at Albany, SUNY, Department of Economics.
- Angel de la Fuente & Antonio Ciccone, 2003.
"Human capital in a global and knowledge-based economy,"
UFAE and IAE Working Papers
562.03, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
- Angel de la Fuente & Antonio Ciccone, 2015. "Human capital in a global and knowledge-based economy," Working Papers 70, Barcelona School of Economics.
- Angel de la Fuente, 2003. "Human capital in a global and knowledge-based economy," UFAE and IAE Working Papers 576.03, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
- Geppert, Christian, 2015. "On the Distributional Implications of Demographic Change," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 113070, Verein für Socialpolitik / German Economic Association.
- Lorena Alcazar & Silvio Rendon & Erik Wachtenheim, 2002. "Working and Studying in Rural Latin America: Critical Decisions of Adolescence," Research Department Publications 3162, Inter-American Development Bank, Research Department.
- Meghir, Costas & Rivkin, Steven, 2011.
"Econometric Methods for Research in Education,"
Handbook of the Economics of Education, in: Erik Hanushek & Stephen Machin & Ludger Woessmann (ed.), Handbook of the Economics of Education, edition 1, volume 3, chapter 1, pages 1-87,
Elsevier.
- Costas Meghir & Steven Rivkin, 2010. "Econometric methods for research in education," IFS Working Papers W10/10, Institute for Fiscal Studies.
- Costas Meghir & Steven G. Rivkin, 2010. "Econometric Methods for Research in Education," NBER Working Papers 16003, National Bureau of Economic Research, Inc.
- David Card & Jörg Heining & Patrick Kline, 2013.
"Workplace Heterogeneity and the Rise of West German Wage Inequality,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 128(3), pages 967-1015.
- David Card & Jörg Heining & Patrick Kline, 2012. "Workplace Heterogeneity and the Rise of West German Wage Inequality," NBER Working Papers 18522, National Bureau of Economic Research, Inc.
- Heining, Jörg & Card, David & Kline, Patrick, 2013. "Workplace Heterogeneity and the Rise of West German Wage Inequality," VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 80034, Verein für Socialpolitik / German Economic Association.
- Card, David & Heining, Jörg & Kline, Patrick, 2013. "Workplace Heterogeneity and the Rise of West German Wage Inequality," IZA Discussion Papers 7200, Institute of Labor Economics (IZA).
- Card, David & Heining, Jörg & Kline, Patrick, 2012. "Workplace heterogeneity and the rise of West German wage inequality," IAB-Discussion Paper 201226, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
- Pietro Giorgio Lovaglio & Gianmarco Vacca & Stefano Verzillo, 2016. "Human capital estimation in higher education," Advances in Data Analysis and Classification, Springer;German Classification Society - Gesellschaft für Klassifikation (GfKl);Japanese Classification Society (JCS);Classification and Data Analysis Group of the Italian Statistical Society (CLADAG);International Federation of Classification Societies (IFCS), vol. 10(4), pages 465-489, December.
- Hatsor, Limor, 2012.
"Occupational choice: Teacher quality versus teacher quantity,"
Labour Economics, Elsevier, vol. 19(4), pages 608-623.
- Hatsor, Limor, 2012. "Occupational Choice: Teacher Quality Versus Teacher Quantity," Foerder Institute for Economic Research Working Papers 275763, Tel-Aviv University > Foerder Institute for Economic Research.
- Ge, Suqin, 2013. "Estimating the returns to schooling: Implications from a dynamic discrete choice model," Labour Economics, Elsevier, vol. 20(C), pages 92-105.
- R. Alessie & A.S. Kalwij, 2003.
"Permanent and Transitory Wage Inequality of British Men, 1975-2001: Year, Age and Cohort Effects,"
Working Papers
03-04, Utrecht School of Economics.
- Kalwij, Adriaan & Alessie, Rob, 2003. "Permanent and Transitory Wage Inequality of British Men, 1975-2001: Year, Age and Cohort Effects," IZA Discussion Papers 686, Institute of Labor Economics (IZA).
- Yona Rubinstein & Daniel Tsiddon, 2004. "Coping with Technological Change: The Role of Ability in Making Inequality so Persistent," Journal of Economic Growth, Springer, vol. 9(3), pages 305-346, September.
- repec:use:tkiwps:044 is not listed on IDEAS
- Ronald Bachmann & Peggy Bechara & Sandra Schaffner, 2016.
"Wage Inequality and Wage Mobility in Europe,"
Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 62(1), pages 181-197, March.
- Bachmann, Ronald & Bechara, Peggy & Schaffner, Sandra, 2012. "Wage Inequality and Wage Mobility in Europe," Ruhr Economic Papers 386, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ucp:jlabec:v:28:y:2010:i:3:p:541-594. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Journals Division (email available below). General contact details of provider: https://www.journals.uchicago.edu/JOLE .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.