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The Economic Decline of College Graduates: Fact or Fallacy?

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  • Russell W. Rumberger

Abstract

Using Census data and information from the Department of Labor on the skill requirements of jobs, two models were tested in order to evaluate changes in the position of workers between 1969 and 1975. The first model was based on workers' mean weekly earnings. The second model was based on the discrepancy between the skill requirements of jobs and workers' educational skills. The results indicate that the economic position of male college graduates compared to high school graduates did not decline during this period in terms of relative earnings, but did decline in terms of the relative utilization of educational skills.

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  • Russell W. Rumberger, 1980. "The Economic Decline of College Graduates: Fact or Fallacy?," Journal of Human Resources, University of Wisconsin Press, vol. 15(1), pages 99-112.
    • Handle: RePEc:uwp:jhriss:v:15:y:1980:i:1:p:99-112
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    Cited by:

    1. Kelly, Elish & O'Connell, Philip J. & Smyth, Emer, 2010. "The economic returns to field of study and competencies among higher education graduates in Ireland," Economics of Education Review, Elsevier, vol. 29(4), pages 650-657, August.
    2. Arias, Omar & McMahon, Walter W., 2001. "Dynamic rates of return to education in the U.S," Economics of Education Review, Elsevier, vol. 20(2), pages 121-138, April.
    3. McGuinness, Seamus & Kelly, Elish & Pham, Thi Thu Phuong & Ha, Thi Thu Thuy & Whelan, Adele, 2021. "Returns to education in Vietnam: A changing landscape," World Development, Elsevier, vol. 138(C).
    4. Richard B. Freeman, 1981. "Implications of the Changing U.S. Labor Market for Higher Education," NBER Working Papers 0697, National Bureau of Economic Research, Inc.
    5. Clifford Clogg & James Shockey, 1984. "Mismatch between occupation and schooling: A prevalence measure, recent trends and demographic analysis," Demography, Springer;Population Association of America (PAA), vol. 21(2), pages 235-257, May.

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