Trends in Quality-Adjusted Skill Premia in the United States, 1960-2000

By Pedro Carneiro, S. Lee. Social Science Research Network, 2009

168 citations recorded by the source corpus.

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. We show that although a standard demand and supply framework can qualitatively account for the trend in the college and age premia over this period, substantial quantitative adjustments still need to be made to account for changes in quality.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/0787c232fb4eaadb8ed2023843f902f8d6323444

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

Citations in the corpus

Estimating distributions of potential outcomes using local instrumental variables with an application to changes in college enrollment and wage inequality (2009, background): “Carneiro and Lee (2007), using almost the same data but an alternative approach, find larger effects.”
Upskilling: Do Employers Demand Greater Skill When Workers Are Plentiful? (2015, methodology): “However, instead of allocating veterans based on each state’s average share of veterans by their current residence, we allocate them based on each state’s average share of veterans by state of birth (Charles, Hurst, & Notowidigdo, 2018; Carneiro & Lee, 2011).”
Job polarization and structural change (2014, methodology): “As it is clear from this table, under our calibration of the efficiency units distribution, Carneiro and Lee (2011) estimated the bias in the measurement of the skill premium, while Young (2014) pointed this out in the context of measuring productivity growth differentials across sectors.”