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Cohort Size and the Academic Labor Market

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  • David C. Stapleton

Abstract

Educational policymakers have long been concerned that baby booms and busts alternately cause shortages and surpluses in academic labor markets. These concerns have been supported by models which purport to forecast the effects of change in cohort size on the academic labor market. In this paper it is argued that policymakers should be more skeptical of such forecasts. The basis for the argument is a detailed analysis of a model of the academic labor market for economists. The inescapable conclusion is that forecasts from such models provide little, if any, support for policies designed to offset the impact of change in cohort size on the academic labor market.

Suggested Citation

  • David C. Stapleton, 1989. "Cohort Size and the Academic Labor Market," Journal of Human Resources, University of Wisconsin Press, vol. 24(2), pages 221-252.
    • Handle: RePEc:uwp:jhriss:v:24:y:1989:i:2:p:221-252
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    Cited by:

    1. Borghans, Lex & De Grip, Andries & Heijke, Hans, 1996. "Labor market information and the choice of vocational specialization," Economics of Education Review, Elsevier, vol. 15(1), pages 59-74, February.
    2. Michael Baker & Gary Solon, 2003. "Earnings Dynamics and Inequality among Canadian Men, 1976-1992: Evidence from Longitudinal Income Tax Records," Journal of Labor Economics, University of Chicago Press, vol. 21(2), pages 267-288, April.
    3. Ronald G. Ehrenberg, 2002. "Studying Ourselves: The Academic Labor Market," NBER Working Papers 8965, National Bureau of Economic Research, Inc.
    4. Coccia, Mario, 2022. "Probability of discoveries between research fields to explain scientific and technological change," Technology in Society, Elsevier, vol. 68(C).
    5. JERE BEHRMAN & LORI KLETZER & MICHAEL McPHERSON & MORTON OWEN SCHAPIRO, 1998. "Microeconomics of College Choice, Careers, and Wages," The ANNALS of the American Academy of Political and Social Science, , vol. 559(1), pages 12-23, September.

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